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September 2020

What specific challenges or concerns does blockchain present from a cybersecurity perspective?

India has no dedicated cybersecurity law. The IT Act, read with the rules and regulations framed thereunder, deals with cybersecurity and the cybercrimes associated therewith. As discussed in question 1.3, the ‘body corporate’ that handles sensitive personal data or information (SPDI) must implement “reasonable security practices and procedures” by maintaining a comprehensive documented information security […]

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What general regulatory issues should users of a blockchain application consider when using a particular blockchain/distributed ledger protocol?

As mentioned in question 1.1, the RBI has issued several cautionary advisories in the form of press releases (issued on 24 December 2013, 1 February 2017 and 5 December 2017) to users, holders, investors, traders and similar parties that deal in virtual currencies, highlighting the potential financial, operational, legal, customer protection and security-related risks associated

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Origins & Types of Blockchain and Security Threats to Blockchain Users

Blockchain came into vogue in 2008 as the underlying technology for Bitcoins, which has been hailed as the world’s first decentralized cryptocurrency. In the words of its creator (who used the pseudonym ‘Satoshi Nakamoto’), Bitcoin was created since there was a need for “an electronic payment system based on cryptographic proof instead of trust, allowing

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What is a Blockchain and how Decentralisation makes the Blockchain Stronger ?

A blockchain, as its name suggests, is a virtual chain made of blocks, where each block contains information. Alternatively, it can be described as a digital ledger, where each block of data represents a distinct transaction on the ledger, with the transactions occurring across a decentralized peer-to-peer network. This peer-to-peer network consists of a network

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