Bibhu Dash|Meraj Farheen Ansari|Pawankumar Sharma|Swati Swayam siddha
Future Ready Banking with Smart Contracts - CBDC and Impact on the Indian Economy
KIIT University
india significantly diverse culture promotes business transactions though acquainted cash cards online mode payment indian rural economy still believes barter system juncture india evolving tech power house economy thriving embrace cryptocurrency medium exchange indian finance minister declared last february india working towards building legal tender called central bankbacked digital currency cbdc paper making impact explaining strengths weakness market readiness necessity adopt digital rupee indias economy highly regarded cashoriented economy country ready accept new technological shift smart banking form digital rupee paper highlights socioeconomic technical challenges planners need understand changing central banks monetary policies deployment fifthgeneration 5g cellular network technology sparked renewed interest potential blockchain automate different cellular network use cases 5g projected open new market prospects small large businesses article highlights unique instrument digital rupee enhance peertopeer transactions evolution 5g mobile technology