AMITY SCHOOL OF BUSINESS

AMITY UNIVERSITY ,MOHALI, PUNJAB

PROJECT REPORT

ON

“Risk and benefits associated with digital money transferring

technology”

A report submitted in partial fulfillment of the requirement for the Bachelor’s Degree in Business
Administration course of Amity University

Submitted to Submitted by

Dr Madhur Joshi Sidhant Sharma

A25601921023
 DECLARATION

I hereby declare that the following documented project report titled “Risk and
benefits associated with digital money transferring technology” is an original and authentic
work done by me.

Administration degree program I hereby certify that all the Endeavour put in the fulfillment of
the task are genuine and original to the best of my knowledge & I have not submitted it earlier
elsewhere
 ACKNOWLEDGEMENT

It is in particular that I am acknowledging my sincere feeling towards my faculty

guide who graciously gave me their time and expertise.

They have provided me with the valuable guidance, sustained efforts and friendly
approach. It would have been difficult to achieve the results in such a short span of time without
their help.

I deem it my duty to record my gratitude towards the Internal project supervisor Dr Madhur
Joshiwho devoted her precious time to interact, guide and gave me the right approach to
accomplish the task and also helped me to enhance my knowledge and understanding of the
project.

Name – Sidhant Sharma

Mentor -

Enrollment No - A25601921023

Batch-

Amity University Mohali , Punjab

 Contents

Table of Contents

Chapter 1 Introduction

Chapter 2 Review of Literature

Chapter 3 Research Methodology

Chapter 4 Analysis and Interpretation

Chapter 5 Findings and Conclusion

 Chapter 1
INTRODUCTION
Confidential advanced monetary forms immediately appeared after the 2008 send
off of bitcoin, making the adequacy of regular monetary foundations be upset and
potentially put in peril.

Among Ethereum and in contrast with customary installment strategies

constrained by national banks, shared (P2P) exchanges between trustless
counterparties can be worked with by Wave, advanced monetary standards, and the
basic disseminated record innovation or block chain. These exchanges are faster,
more affordable, more advantageous, and safer and proficient. Computerized
monetary forms are seen as expected options in contrast to the ongoing sovereign
government issued money gave by national banks in view of these elements
(Berger, 2016; Raskin and Yermack, 2016). They are contenders, yet additionally
equals.

A confidential computerized money may be made along these lines.

Public banks all over the created and creating globe are presently beginning to take
a gander at the chance of putting their own electronic officially sanctioned kinds of
cash (DFCs) into course, considering both the turn of events and restrictions of
private high level money related structures. These DFCs would be skilled at both
exploiting current development and defeating the difficulties introduced by private
inclinations. All the more critically, when appropriately carried out, public bank-
upheld DFCs can on a very basic level modify the openness and utilization of
monetary administrations in unambiguous economies and foster the monetary area.

This may be finished by utilizing DFCs' capacities to

(I) increment the efficiency of public installment structures and

(II) make it more straightforward to oblige installment techniques involving cell

phones as significant apparatuses for monetary guide.

(III) make it possible for social orders that often rely on currency to become
widely digitalized. Along these lines, more specialized monetary policy that
has more obvious control over open liquidity sources stands to assist
digitalized financial systems. Public banks can reduce transaction costs by
reducing their need to print, circulate, and destroy physical currency from
the flow of transactions. Business banks can do the same by negotiating
lower transaction costs for the cash-giving and payment reconciliation
procedures that ultimately result in higher buyer banking fees.