[This post has been authored by Harinie. S, a fourth-year law student at Symbiosis Law School, Hyderabad] The recent onset of economic recession highlights the need to overhaul the governance system of the largest player of the economy- the banks. The failure of Lakshmi Vilas Bank and Yes Bank, and the downfall of Dhanalakxmi bank’s…
Category: Blockchain
Demystifying the cryptic Relationship between Blockchain and Arbitration
[Prakarsh and Shruti Mishra are third year students enrolled at the National Law Institute University, Bhopal.] Any discussion on the issue of blockchain arbitration must begin with an understanding of the technology involved. Blockchain technology is not as new as it is perceived to be. The whitepaper released under the pseudonym of Satoshi Nakamoto brought…
Employing Blockchain Technology To Systematize Organ Donation in India
[This post has been authored by Sindhu A., a final year student at School of Law, Christ University.] In terms of organ donation, India is ranked among the lowest globally, with an organ donation rate of a mere 0.86 donors per million. According to a recent study, around 5,00,000 people need organ transplantation every year…
Blockchain: Catalyzing Revolution in the Copyright Law
[This post has been authored by Ujjawal Bhargava, a fourth-year student at the Institute of Law, Nirma University, Ahmedabad.] Copyright is a right provided to the creators of literary, artistic, dramatic and musical works as well as to the producers of sound recordings and cinematographic films. The rights of the creators include inter alia, right…
Blockchain Technology as Evidence: Hearsay or Not?
[This post has been authored by Sanah Javed, a fourth year student at the School of Law, Christ University.] Blockchain technology refers to a distributed ledger which helps record the transactions taking place between multiple users over the internet. In a blockchain, there exist multiple blocks of information that rests with the computer base of…
Blockchain in the paradigm of GDPR (Part II)
[This is the second part of a two-part article by Muskan Agarwal (National Law Institute University, Bhopal) and Arpita Pandey (National Law Institute University, Bhopal). Part 1 can be found here.] Previously, the authors looked at the contradictions between blockchain and GDPR with regard to the principal obligations enlisted in GDPR. In this post, the…
Blockchain in the Paradigm of GDPR (Part I)
[This is the second part of a two-part article by Muskan Agarwal (National Law Institute University, Bhopal) and Arpita Pandey (National Law Institute University, Bhopal).] This is the first part of a two-part post that undertakes an analysis of the points of friction present between the fundamentals of blockchain technology and GDPR and of the…
Smart Derivative Contract: The Dark Horse of the Securities Market?
This post has been authored by Arnav Maru, currently in his 4th year at Maharashtra National Law University (MNLU), Mumbai. In a previous post, the concept of smart contracts as used in the legal field was explained comprehensively. Smart contracts are pieces of software that are formed when certain operational terms of a contract are…
Indian Government’s Stance on Cryptocurrencies: An Analysis
This post on the recent recommended ban on cryptocurrency has been authored by Shivani Malik, a final year law student at the Vivekananda Institute of Professional Studies. Current Scenario The Ministry of Economic Affairs in its recent press release dated July 22, 2019, prepared a report on the Committee on Virtual Currencies, which proposed a…
Are Smart Contracts a Smart Option?
This post has been authored by Harshit Goyal, currently in his 3rd year at National Law School of India University, Bangalore. In a well-reasoned piece, the author presents a simplified analysis of the feasibility of smart contracts. Smart contracts are a set of self-propelled contracts which use blockchain as a platform to complete the…