All posts by Donnie Ashok

Donnie Ashok is a freelance technology advisor, cyber security advisor and a final year law student studying B.A.LL.B at Gujarat National Law University. IndiaTechLaw is an initiative by Donnie Ashok.

Breaking: Smart Contracts (blockchain) legalised in Arizona

  On March 29, (2017) Arizona Governor Doug Ducey signed the bill HB 2417 into law. As covered earlier by IndiaTechLaw on Smart Contracts, this bill seeks to amend the current law and bring legal validity to blockchain signatures.   What are blockchain signatures?...

/ April 8, 2017

Breaking: Bitcoins legalised in Japan – legal framework and tax treatment

The Japanese have brought into force a new legislation treating digital currency as a legal payment method, from the beginning (1 April 2017) of this fiscal year. Bitcoins are now legal tender in Japan and are at par with other fiat...

/ April 5, 2017

Value of bitcoins; RBI on bitcoin; legality of bitcoin transactions in India

Bitcoins are numbers you can trade with. People would be ready to exchange goods and services with bitcoins as they value the bitcoin numbers. Compared to currency which is made out of thin air by a central bank, bitcoins and...

/ April 5, 2017

How does secure socket layer (SSL/TLS) work? Why do retail websites require https?

To answer what is secure socket layer and how it keeps websites secure it is important to understand the making of the Internet. The internet in turn is an abstract concept meaning the interconnected network of computers across the globe....

/ March 30, 2017

The Mt. Gox incident – the largest bitcoin hack ever

An American software developer named Jed McCaleb founded a platform in 2006 named Magic: The Gathering Online eXchange. He set up the platform for secure exchange of trading cards used in a video game by the same name, using the domain name mtgox.com. This...

/ March 13, 2017

Canadian Securities Law (OSC statement) on Distributed Ledger Technologies (blockchain)

The Ontario Securities Commission (OSC) put up a press release on Wednesday (March 8th) containing cautionary advice against use of Distributed Ledger Technology or commonly the blockchain. In the press release OSC advises businesses using blockchain to offer securities, falling under the...

/ March 10, 2017

How blockchain is changing governance: Permissioned Blockchain

Permissioned blockchain arose out of the need of the public to interfere in private transactions. It is fundamentally the same concept as with the blockchain technology I previously wrote on. While the original blockchain allows all members to transact and verify transactions,...

/ March 7, 2017

How blockchain is changing the finance industry: Triple Entry Accounting

The blockchain technology brings in yet another revelation, this time in accounting principles. Enter the Triple Entry Accounting system. Compared to the traditional double entry accounting, triple entry brings in another dimension in the accounting process. In this article we will...

/ March 6, 2017

How blockchain is changing the legal industry: Smart Contracts

A smart contract is a self-regulated software which has it’s own impeccable sense of time, it is used to send automated electronic messages, either periodically or conditionally. Periods are based on specific intervals of time and conditions are reference to objective facts around...

/ March 2, 2017

A brief history of the internet, cryptography, cryptanalysis and encryption laws of India

The internet Thanks to the internet you are reading this article right now. How did the internet get to where it is right today? There is so much history we cannot possibly get it together in this short article. The...

/ February 22, 2017