Can Blockchain save Indian banks ?

I have been tracking the Blockchain based cryptocurrency technology innovations for the past couple of years with great interest because of the depth of business and technology innovation that it personifies today.

Last week, I got a frantic telephone call from an an ex-employee. His voice was desperate. “Sir, I have lost everything. Do you know anything about the PMC Bank ? All my life’s savings are in there. Can you please find out anything ?”

After messaging a friend at India’s central bank — Reserve Bank of India (RBI), I got confirmation of a major problem at…