Usage of Blockchain technology augers well for the MSME sector: Vinay Kalantri, The Mobile Wallet

The Mobile Wallet

India Budget 2018

NewsBarons.com
Vinay Kalantri

The Government’s decision to explore the usage of Blockchain technology, a shared digital ledger which has been fast finding favour with financial intermediaries, will help ease credit flows to micro, small and medium enterprises (MSMEs) since it can track and record each and every transaction of individuals and enterprises on a shared network. This augers well for the MSME sector as well as individuals who have poor history of documentation and credit history in accessing capital. This will also help peer-to-peer lending groups in enhancing their customer base as well as business.”

Vinay Kalantri is the Founder and Managing Director of The Mobile Wallet

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