The Centre for Internet and Society
http://editors.cis-india.org
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Working paper on Non-Financial Use Cases of Blockchain Technology
http://editors.cis-india.org/internet-governance/blog/working-paper-on-non-financial-use-cases-of-blockchain-technology
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<p>Ever since its initial conceptualisation in 2009, blockchain technology has been
synonymous with financial products and services - most notably crypto-assets like Bitcoin.
However, while often associated with the financial sector, blockchain technology
represents an opportunity for multiple industries to reinvent and improve their legacy
processes. In India, the 2020 discussion Paper on Blockchain Technology by the Niti Aayog
as well as the National Blockchain Strategy of 2021 by the Ministry of Electronics and
Information Technology have attempted to articulate this opportunity. These documents
examine the potential benefits that would arise from blockchain’s introduction across
multiple non financial sectors.</p>
<p>This working paper looks to examine three specific use cases mentioned in the
above mentioned government documents: Land record management, certification
verification and pharmaceutical supply chain management. We look to provide an
overview of what blockchain technology is and document the ongoing attempts to
integrate blockchain technology into the aforementioned fields. We also assess the
possible costs and benefits associated with blockchain’s introduction and look to draw
insights from instances of such integration in other jurisdictions. </p>
<p>The full working paper can be found <a href="https://cis-india.org/internet-governance/non-financial-blockchain-uses-pdf">here</a>. </p>
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For more details visit <a href='http://editors.cis-india.org/internet-governance/blog/working-paper-on-non-financial-use-cases-of-blockchain-technology'>http://editors.cis-india.org/internet-governance/blog/working-paper-on-non-financial-use-cases-of-blockchain-technology</a>
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No publisherVipul Kharbanda and Aman NairBlockchain2022-06-28T12:09:36ZBlog EntryCIS Issue Brief on regulating Crypto-asset advertising in India
http://editors.cis-india.org/internet-governance/blog/cis-issue-brief-on-regulating-crypto-asset-advertising-in-india
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<p>Over the past decade, crypto-assets have established themselves within the digital global
zeitgeist. Crypto-asset (alternatively referred to as cryptocurrency) trading and investments
continue to skyrocket, with centralised crypto exchanges seeing upwards of USD 14 trillion (or
around INR 1086 trillion) in trading volume. </p>
<p>One of the key elements behind this exponential growth and embedding of crypto-assets into
the global cultural consciousness has been the marketing and advertising efforts of crypto-asset
providers and crypto-asset-related service providers.In India alone, crypto-exchange
advertisements have permeated into all forms of media and seem to be increasing as the
market continues to mature. At the same time, however, financial regulators such as the RBI
have consistently pointed out concerns associated with crypto-assets, even going so far as to
warn consumers and investors of the dangers that may arise from investing in crypto-assets
through a multitude of circulars. </p>
<p>In light of this, we analyse the regulations governing crypto-assets in India by examining the
potential and actual limitations posed by them. We then compare them with the regulations
governing the advertising of another financial instrument, mutual funds. Finally, we perform a
comparative analysis of crypto-asset advertising regulations in four jurisdictions - The EU,
Singapore, Spain and the United Kingdom- and identify clear and actionable recommendations
that policymakers can implement to ensure the safety and fairness of crypto-asset advertising in
India.</p>
<p>The full issue brief can be accessed <a href="http://www.cis-india.org/internet-governance/blog/issue-brief_regulating-crypto-asset-advertising-in-india">Here</a></p>
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For more details visit <a href='http://editors.cis-india.org/internet-governance/blog/cis-issue-brief-on-regulating-crypto-asset-advertising-in-india'>http://editors.cis-india.org/internet-governance/blog/cis-issue-brief-on-regulating-crypto-asset-advertising-in-india</a>
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No publisherAman Nair and Vipul KharbandaCryptocurrenciesBlockchainBitcoinAdvertisement2022-05-25T07:46:02ZBlog EntryCIS Comments on the National Strategy on Blockchain
http://editors.cis-india.org/internet-governance/blog/cis-comments-on-the-national-strategy-on-blockchain
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<p dir="ltr">This submission is a response by the researchers at CIS to the report “National Strategy on Blockchain” prepared by Ministry of Electronics and Information Technology (MEITY) under the Government of India. </p>
<p>We have put forward the following comments based on our analysis of the report.</p>
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<h3>General Comments on the National Strategy</h3>
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<p dir="ltr">There are currently a number of reports and policies on blockchain use across departments, ministries and even states. The absence of a harmonised blockchain policy across all departments and institutions of government must be fixed. </p>
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<p dir="ltr">There are inherent dangers with viewing blockchain as a silver bullet solution. </p>
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<p dir="ltr">Informational concerns with blockchain are existent and policies must be designed to reflect these concerns and minimise their occurrences. </p>
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<h3>Section Specific Comments </h3>
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<p dir="ltr"><strong>Section 6.1</strong> - There is a need for greater decentralisation and a shift away from a solely government operated blockchain </p>
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<p dir="ltr"><strong>Section 6.2: </strong></p>
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<p dir="ltr">The legality of blockchain also faces the hurdle of smart contracts </p>
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<p dir="ltr">The RBI decision to halt the use of cryptocurrencies was struck down by the Supreme Court </p>
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<p dir="ltr">The right to be forgotten exists as an extension of the right to privacy as well </p>
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<p dir="ltr"><strong>Section 7</strong> - There is a need for greater detail and granularity in the report’s analysis and in the suggestions and recommendations that it makes. </p>
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<div>The full submission to MEITY can be found at: <a href="https://cis-india.org/internet-governance/national-strategy-on-blockchain">https://cis-india.org/internet-governance/national-strategy-on-blockchain</a></div>
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For more details visit <a href='http://editors.cis-india.org/internet-governance/blog/cis-comments-on-the-national-strategy-on-blockchain'>http://editors.cis-india.org/internet-governance/blog/cis-comments-on-the-national-strategy-on-blockchain</a>
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No publisherVipul Kharbanda & Aman NairBlockchainBitcoinCryptocurrenciesData GovernanceSubmissionsE-Governance2021-03-22T05:34:41ZBlog EntryBlockchain: A primer for India
http://editors.cis-india.org/internet-governance/blog/blockchain-a-primer-for-india
<b>This report is presently being updated.</b>
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For more details visit <a href='http://editors.cis-india.org/internet-governance/blog/blockchain-a-primer-for-india'>http://editors.cis-india.org/internet-governance/blog/blockchain-a-primer-for-india</a>
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No publisherAnusha MadhusudhanBlockchainInternet GovernanceCryptocurrencies2020-03-30T13:32:58ZBlog Entry