Reading Time: 9 mins The Supreme Court, on March 2020, had struck down RBI’s controversial circular that prohibited any central bank regulated entities from providing banking services to anyone dealing with virtual or cryptocurrencies. This ruling allows banks to handle cryptocurrency transactions. Though this may threaten the country’s financial system, it does provide an opportunity for the government and the central bank to form regulatory frameworks and laws that, while allowing the use of cryptocurrencies, can ensure preventive measures that can counter private cryptocurrencies.
Reading Time: 7 mins In recent years, India has charted a unique path to digitization, the impact of which is inclusive, empowering and transformative. It is amongst the top two countries globally, only after China on many dimensions of digital adoption. By 2022, India’s digital economy may cross $1 trillion. This was the focus of India Digital Summit 2019 that was held in New Delhi. Since its launch, it has transformed India significantly. However, it is facing numerous challenges in the current times and the government needs to take steps to make it successful for the inclusiveness and empowerment of all Indian citizens.
Reading Time: 9 mins Fifty years ago, smartphones would have been the ultimate computing wizardry. Just as classical computers were almost unimaginable to previous generations, we’re now facing the birth of an entirely new type of computation, that is, quantum computing. The country which is able to control the future of quantum technology can become an “Information Superpower” and …
Reading Time: 6 mins
Cyber warfare is becoming a new domain of warfare among nations. This warfare is different from others as even non-state players like terrorists and organised criminal groups are involved in it on a daily basis.
With increased digital transaction in India, post demonetisation, it is essential for the government of India to take measures to safeguard Indian citizens from crimes related to Cyber Space.
Reading Time: 5 mins The Internet of Things (IoT) can become a game changer that India needs as this concept is set to disrupt almost every sector in India from smart cities and telecom to manufacturing and mobility. The rapid development in the IoT leads to the starting of the next digital revolution. However, the Internet of Things throws up many challenges like data safety and privacy. So India needs to push ahead with this concept to kick-start the radical development process with the proper regulatory framework in place to govern IoT.
Reading Time: 6 mins According to the recent report, over a million jobs will be created in the Cloud Computing sector of India by 2022. As cloud computing is becoming more prevalent in both small and large companies, the global demand for professionals is also steadily on the rise. Moreover, firms are currently investing 4.5 times the rate of conventional IT spending in cloud infrastructure and the sector is expected to grow even faster by 2020.
Reading Time: 3 mins If the twentieth century brought the Internet as a decentralized domain, the twenty-first century is noted by the fight over the control of data. Data localization is the collection, processing, and storage of all data within the national boundaries, which is gaining momentum in India.
Reading Time: 3 mins 5G is a fifth generation wireless communication technology that has very high reliability, spectrum bands and speed which is around 10 plus Gbps (20 times that of 4G).