The Reserve Bank of India (RBI) has approved a groundbreaking blockchain-based solution for micro, small, and medium enterprises (MSMEs), marking a significant shift in Indian financial landscape. This innovative system promises to accelerate credit access for MSMEs, streamlining traditional financing processes and empowering them with greater transparency and security. Experts predict this will have a transformative impact on the Indian economy. The key is tokenized invoices. Imagine digital representations of invoices securely stored on a blockchain network. These ‘tokens’ are tamper-proof and easy to verify, leading to faster and more efficient credit approval processes.