Module 6
07 May 2025 17:52
1. Blockchain in Enterprises
○ Blockchain is changing how businesses work by making data more
secure, clear, and fast.
○ It removes middlemen (like banks or agents), so trust is built directly
between people or companies.
2. Use Cases of Blockchain
1. Buying and Selling Online (Trade Finance)
• Before: When people or businesses sell products to others in
other countries, they use lots of paperwork and wait days or
weeks for payments.
• With Blockchain: Like using WhatsApp to instantly send
documents, everything is shared fast and securely — no need to
trust the other person blindly.
2. Farmers Getting Paid Faster (Supply Chain Financing)
• Before: A small farmer has to wait weeks for a big company to
pay them.
• With Blockchain: As soon as the farmer delivers the product,
blockchain records it. The bank sees it’s real and gives them
money quickly.
3. Sending Money Abroad (Cross-Border Payments)
• Before: Sending money to a family member in another country
takes days and charges high fees.
• With Blockchain: Like sending a WhatsApp message, money can
be sent in seconds and with very low fees.
4. Stock Market (Capital Markets)
• Before: Buying/selling shares takes 2–3 days to settle.
• With Blockchain: Shares are like digital tokens and trading
happens instantly, even at night or on holidays.
5. Property Registration (Government Services)
• Before: Property papers can be faked or lost.
• With Blockchain: Land or house ownership is saved on
blockchain like a Google Doc that can’t be edited, so no one can
cheat.
6. IoT Devices (Smart Homes)
• Example: Your smart fridge tells your smartphone that milk is
over.
• With Blockchain: The devices talk safely with each other
without hackers getting in.
7. Medical Records
• Before: Your medical reports are in different hospitals and can
be lost.
• With Blockchain: All your health data is stored in one secure
place, and only your doctor can see it with your permission.
8. Digital Rupee / Digital Dollar (CBDC)
• Example: Just like Paytm or Google Pay, but instead of using a
bank, you use digital money from the RBI (government).
• Good: Fast, safe, and no need for ATMs.
• Risk: Government could track everything you buy.
3. Future of Blockchain
Interoperability = Blockchains Talking to Each Other
• Right now, most blockchains work separately (like different apps
not sharing data).
• In the future, they will be able to connect and share with each
other.
Regulation = Clear Rules for Everyone
• Today, many countries have different or no rules for blockchain.
• In the future, governments will make proper rules for using
blockchain safely.
• This will make it easier for banks, companies, and people to
trust and use it.
Mass Adoption = Used Everywhere
• Blockchain won’t just be for crypto.
• It will be used in:
□ Banks (for faster payments),
□ Government (to give subsidies properly),
□ Daily life (like secure medical records, shopping, etc.).
AI + IoT Integration = Smart and Safe Systems
• AI (Artificial Intelligence) and IoT (smart devices) will work with
blockchain.
• This will make systems:
□ Smarter (machines can take decisions),
□ Faster (no middlemen),
□ More Secure (data can’t be changed or hacked easily).
4. Blockchain Platforms Comparison
Platfor Strength Weakness
m
Multich Good for private businesses Not meant for
ain public use
Ripple Fast, cheap international payments Too centralized
Corda Made for banks and finance Not a
traditional
blockchain
EOS Supports fast, scalable apps Has
governance
issues
Cosmos Allows blockchains to work together Still a new
ecosystem
5. Facebook Libra (Now Diem) & Corporate Currencies
○ Libra/Diem: Facebook’s digital money for worldwide payments.
○ Concerns: People worry about privacy, control, and how it affects
regular money.
○ Future: Corporate coins can be powerful, but need rules to avoid
misuse or monopoly.
6. CBDC (Central Bank Digital Currency) & Its Paradoxes
CBDC = A digital form of money issued by the central bank (like RBI in
India).
Benefits:
○ Faster, safer payments.
○ Less need to handle physical cash.
Paradoxes / Challenges:
○ People may stop using normal banks, causing problems.
○ Can lead to surveillance – government sees every payment.
○ Need a balance between privacy and control.
