The adoption of blockchain is rapidly increasing in various sectors across India and the world at large. India is touted to become a $5 trillion economy by 2024-25 and blockchain has the potential to play an integral role towards its growth. It is estimated that government-related blockchain projects could add $5.1 billion to India’s GDP in 2032. Blockchain provides business efficiencies when deployed in daily business processes as the nature of technology is such that it removes intermediaries and creates a decentralized database that can be accessed by the relevant stakeholders for decision-making.