Skip to main content

Posts

Showing posts from May, 2023

Blockchain and ODR - Full Interview with Sneha Vijayan

  Full interview transcript  MOHIT Good morning, Sneha. Thank you for joining us in today's interview. To all our readers Sneha is a law graduate from NUALS, Kochi. She's also a Web3 lawyer and she's done her masters from NUS in Singapore. SNEHA Hi Mohit. Thank you so much for having me. And thank you so much for working on putting Technology and ODR on the map. MOHIT So the reason why I've called you here today is to talk about your platform Resolutio. I understand that Resolutio is slightly different from traditional ODR platforms in the sense it uses blockchain technology to operate. To begin with some basic questions. Can you explain in very simple terms how blockchain technology works in ODR?  SNEHA Sure. Thank you for the question Mohit. So there are different ways you can look at it. So if you are already familiar with blockchain, you know that it's a database that you can rely on which helps you secure your transactions, which makes sure that your transactio

Blockchain & ODR

Blockchain & ODR If you've been following tech news, chances are you've heard the term "blockchain" thrown around. But what is blockchain, and how can it be used in online dispute resolution (ODR) platforms? In this blog post, we'll explore what blockchain is, how it can be used in ODR, and how platforms like Kleros and Resolutio are already making use of it. What is blockchain?  Blockchain is a distributed database that is shared among the nodes of a computer network. It is a secure and transparent way to store data, and it is tamper-proof. Blockchain is used to record transactions, and it can be used to track the ownership of assets. At its core, blockchain is a secure and transparent way to store data. It's a distributed database that's shared among the nodes of a computer network, meaning that no one person or organization controls it. Transactions on a blockchain are recorded in a way that's tamper-proof, meaning that once a transaction is rec

The Open Network for Digital Commerce

ONDC The Open Network for Digital Commerce, or ONDC, is an exciting new initiative backed by the Indian government that seeks to promote open networks for e-commerce. ONDC is a non-profit company that was established in December 2021 by the Department for Promotion of Industry and Internal Trade (DPIIT). It aims to level the playing field for all players in the e-commerce industry, from small startups to large businesses. It does this by creating open standards and protocols that any company can use to participate in the e-commerce market. What is ONDC? ONDC benefits all stakeholders in the e-commerce ecosystem, including consumers, small businesses, and large businesses. By creating a network of interconnected e-marketplaces, ONDC allows sellers to list their products on any of these marketplaces, and buyers can search for products across all of them. ONDC also provides a set of common standards and protocols that all marketplaces must follow, making it easier for buyers and sellers t

SEBI to Enable Online Dispute Resolution Mechanism for Faster Resolutions

Enabling ODR SEBI, the Securities and Exchange Board of India, has recently announced its plan to implement an online dispute resolution (ODR) mechanism for its stakeholders. The move aims to provide a more accessible and efficient dispute resolution process for investors and other market participants. This announcement came after the SEBI Board Meeting held on 29th March 2023, and the ODR mechanism will be implemented through a dedicated online platform, designed to offer easy access to investors, intermediaries, and listed companies for dispute resolution. SEBI has been working tirelessly to improve the dispute resolution process, particularly by making it more efficient and swift. Currently, dispute resolution cases can take a long time to be resolved, causing frustration to investors and stakeholders. Hence, SEBI's decision to enable online dispute resolution will allow investors and other stakeholders to submit their complaints online and have them resolved in a timely manner.