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Description: Blockchain or Distributed Ledger Technology (DLT) is a disruptive technology that has revolutionized the creation and management of digital assets, mainly user data involved in transactions. The advent of Web 3.0 and other technologies can change how digital and financial transactions are made using the Internet. This review paper takes forward the discussion done in Manda & Polisetty, 2018. It appraises the recent developments in the adoption of technology in India and the progress made so far, especially from 2018-2022. The paper also discusses barriers and challenges of technology adoption hampering its penetration in India. The review considers the Government and its policies, Regulators and their regulation, Public Institutions and the infrastructure set up, and private institutions (especially startups) and how they build next-generation distributed applications that take advantage of Blockchain. The insight that the paper will offer to Academic researchers and other stakeholders regarding the recent developments in the adoption of blockchain technology is the proposed contribution of the literature review on this topic.