SYNOPSIS ON

A STUDY ON IMPLEMENTING BLOCKCHAIN

TECHNOLOGY IN VIJAYA BANK AT BENGALURU
Project report submitted in partial fulfillment of the requirement for
The award of the Degree of

MASTER OF BUSINESS ADMINISTRATION

OF
BANGALORE UNIVERSITY

By
Muthuraj S
17NPCMD092

Under the guidance of

Assistant Professor Chandrakala T M

Bangalore University
2019
Title of the study:
A study on implementing Blockchain technology in Banking Industry at North
Bengaluru
Need for the Study:
Blockchain technology will soon reach into areas beyond the digital currency
movement and begin to affect everything from banking industry. Even the
democratic process and the way banks are governed will be impacted by the
coming wave of blockchain disruption. Fraud and hacking is a concern that has
been widely discussed in the past few years. Blockchain advocate assert that a
public ledger system could provide an unhackable system for banks also
completes transaction faster.
Statement of the problem
Blockchain technology in banking as it has demonstrated the velocity of its
growth in incredibly fast and effective. It has allowed individuals to perform
their banking businesses from their homes or offices in a very cost effective
way. Studies have shown that with this new technology, it has become possible
for both the banks and customers to have an immediate insight about the status
and operations of their accounts.
Objectives:
1. To provide the overview of blockchain technology
2. To know the benefits of emphasizing on the application of the technology
3. To get an insight on various challenges and global perspective
4. To understand the benefits compared with other technology
5. To know about DLT(Distributed ledger technology)
Sampling:
The Samples for the study is chosen from various Banking sectors and its data
for analysis is collected from manual reports that are given by managers and
also the extracts from the website.
Sources of Data
The data collected covers primary as well as secondary data for study,
1. The primary data for the study is collected by meeting the managers at
different banks in north Bengaluru.
2. The secondary data for the study is collected through manual websites
and journals.
Plan of Analysis
The analysis plan contains a description of the research question and what the
various steps in the analysis are going to be. The analysis plan is intended as a
starting point for the analysis. It ensures that the analysis can be undertaken in a
targeted manner.
Conclusion:

This unique technology offers the banking industry many unique opportunities.
But certain challenges must be overcome for noticeable impacts to occur in the
banking sector. To deploy this technology in the banking sector, it must
conform and follow recent privacy laws. This is necessary to protect individual
and organizational data as well as the safety of such data.

More so, the need for regulatory functions and oversight needs to be addressed
by relevant authorities. The financial sector is synonymous with huge data.
Hence, data scalability must be sorted out prior to deploying blockchain in the
financial sector.

In summary, blockchain can impact and revolutionize the banking sector. The
only thing needed is its right application and use