Cryptocurrency and blockchain, although inter-linked are different concepts. When Bitcoin was the only blockchain, there wasn’t much of a distinction between the terms and they were used interchangeably. As the technology matured and a variety of blockchains bloomed, the uses quickly diverged from the pure money aspect. Blockchain technology started gaining more attention for its potential for uses like online voting and crowdfunding.
The present article explores the existing Contractual Law in India, for provisions dealing with the affect the present pandemic on existing contractual liabilities, while also suggesting possible legislative interference to balance the principle of sanctity of contracts, with the need to protect parties who are forced to perform their obligations under dire commercial stress.
The nationwide lockdown imposed by the Government to combat the Covid-19 Pandemic has brought the entire country to a staggering halt. The lockdown has put restrictions on all courts across the country from functioning at their full capacity, however, the courts have devised procedures to hear pressing matters via video conferencing, thereby ensuring that courts and tribunals remain accessible to litigants, at large.
The era where your empire was determined by the grandiosity of the physical assets you owned have succumbed to the new era of king cyber and queen digital. Now, more than ever, your priced personal belongings are not in the locker or a trunk, but, on your mobile phone, your laptop and your email id.