Kavitha Gupta's blog

Blockchain, or distributed ledger technology (DLT), is a tamper-evident and tamper-resistant digital ledger implemented in a distributed fashion.1 This emerging technology, which enables direct transactions within a ledger without need for a central authority or trusted intermediary, has the potential to re-engineer economic models and enable the creation of markets and products previously unavailable or unprofitable across emerging markets. However, in considering the potential benefits of blockchain, organizations must also consider the associated risks and how they can be managed. These risks include jurisdictional challenges, crypto assets, privacy and data protection, double spending, and distributed denial-of-service (DDoS) attacks. Several risks have been identified and overcome at similar innovative leaps in the recent past, including the commercialization of the Internet and cloud computing. It is essential that enterprises understand all risks inherent in blockchain systems...

The EU makes B2C contract law enter the age of data By  Julien-Alexis Defromont  | May 14, 2019 09:57 Share As part of its 2015 Digital Single Market Strategy[1], the European Commission proposed modernising the rules applicable to sales of goods and introducing similar rules for the supply of digital content (such as digital films, music, e-books, applications) and digital services (such as social media platforms, on-line games, pay-per-view access to films, cloud computing, etc.). After more than 3 years of negotiations, the EU adopted a package comprising a directive on contracts for the supply of digital content and services[2] (" DCD ") and a directive on contracts for the sale of goods[3] (" SGD "), both applicable in B2C relations. Member States will have two years to transpose these directives into their national law. The primary objective of the two directives is to modernise the rules dating from directive 1999/44/EC  on certain aspe...