Abstract : The financial industry has undergone major transformation with the emergence of blockchain technology and digital currencies such as Bitcoin and Ethereum. Traditional banking institutions are increasingly pressured to modernize infrastructure, reduce costs, and enhance transparency. This study examines the impact of digital currencies and blockchain technology on traditional banking systems using a quantitative research design. A structured survey was administered to 516 respondents, including bank managers, financial analysts, retail banking customers, and fintech professionals. Statistical techniques such as descriptive statistics, reliability analysis, correlation, regression, and ANOVA were applied. Findings reveal that blockchain adoption significantly reduces transaction costs and processing time while improving customer satisfaction and operational efficiency. Digital currency integration remains moderate but shows strong future potential. The study concludes that blockchain is reshaping traditional banking models, though regulatory readiness remains a critical determinant of successful adoption.
Keywords : Digital currencies, Blockchain technology, Traditional banking systems, Central Bank Digital Currencies (CBDCs), Financial inclusion, Decentralized finance (DeFi), Regulatory challenges.
Cite : Ganesh, K. (2026). Prakash, A. (2026). Assessing the Impact of Automation on Traditional Industries in India: An Econometric Time-Series Analysis of Employment, Productivity and Structural Transformation (1st ed., pp. 1-6). Noble Science Press. Https://noblesciencepress.Org/chapter/nspebgtrdbaip2026ch-01 (1st ed., pp. 7-16). Noble Science Press. https://noblesciencepress.org/chapter/nspebgtrdbaip2026ch-02
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