Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Impact of Block Chain Technology on the Process Efficiency with Reference to Financial Markets A Study

Author(s): Parmeshwari Kalwani, Dr. Vijay Kumar Reddy

The block chain technology is playing the vital role in various sector including financial sector across the globe. The present study has made an attempt in this direction to know the impact of block chain technology on the process efficiency in the financial markets. The study adopted the qualitative research methodology with the prime focus on the perception on the usage of block chain technology and impact on the adoption of technology for the efficiency improvement on financial markets. The study has framed the structured questionnaire and applied the statistical method of discriminant analysis and structure equation model. The study result found that Block chain technology will disrupt our industry. It means global transactions will influence the domestic market in capital market with the disruptive technology. The investors’ perception level observed to be higher on the Block chain technology is broadly scalable and will ultimately achieve mainstream adoption. The study made an attempt to examine the impact of block chain technology on the adoption of technology for the process efficiency in financial markets and observed that Reduction in settlement period followed by the Smart Contracts will significantly improve the process efficiency. Therefore, it has been stated that block chain technology will change the global scenario in all aspects in near future, with enhanced transparency and accountability.

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