An Ideas-Based Online Magazine of the Global Network for Advanced Management

Bitcoin and Blockchain: The Potential for Remittances and Supply Chain Management

Indian families living abroad may be able to benefit from Bitcoin, cryptocurrencies, and other blockchain innovations. Prof. Rahul Dé at the Indian Institute of Management Bangalore says the technology may make remittance payments faster, cheaper, and more transparent. However, some regulation and streamlining is needed to ensure the technology reaches its peak safety and efficiency.