Search engines, Deep web & the Darknet

In this article we will focus on mainly how the search engines work. Thereafter, we will discuss indexability, and the differences between surface web, deep web and the darknet.   Pre-internet period There was a time when goods and services important to us would either appear on the newspaper classifieds’ section or on the Yellow […]

WannaCry: What is a Ransomware and how does it work?

A ransomware is a software which scrambles information stored on a computer system to make it inaccessible. The process of scrambling is done through known methods of encryption. The purpose is to then ask for an amount of money to decrypt valuable information.   So how does ransomware work? How does it get through? Imagine you hired […]

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? Blockchain is a unique method to publicly maintain one single database of all financial transactions. […]

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 currencies. This has been made possible by the passing of a new law called the Virtual Currency Act by […]

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 other digital tokens, require massive computational power to generate, and have a base in global […]

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. Computers interact with each other to create services necessary for us. To start off, you […]

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 platform allowed cards to be bought and sold like stocks. Some quarters say that it was this underlying […]

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 Ontario Securities Act, to consider registration as a dealer, adviser and/or investment fund manager. “Many […]

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, in permissioned blockchains, the right to verify transactions is available only to a permissioned few. […]

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 first clarify what is double entry accounting and how blockchain technology introduces the triple entry […]