A large amount of money is spent globally in the litigation process. A significant chunk of litigations can actually be prevented from even arising if the policies, contracts and laws can be fully objectivised. Presently, the interpretation of law, contracts, policies etc. lead to a lot of...

One of the important features of Blockchain is that it allows the hosting and execution of contracts. Such a contract in the digital world is known as a Smart Contract. But the process and consequences of a contract vary radically from one format of Blockchain to another. One of the formats (and...

Blockchain Systems and Ubiquitous computing are changing the way we do business and lead our lives. One of the most important applications of Blockchain technology is in automation processes and Internet-of-Things (IoT). Machines have so far been limited in ability primarily because they have...

It will be logistically and economically inappropriate to carry paper money or coins during space travel. The cost associated with such an undertaking is prohibitive and also illogical. We evaluate as to how value based transactions can be conducted in outer space. In this paper, the...

Currently, Democracy is realised through representatives elected by the people. These elections are periodic activities. They involve expenditure of big amounts of manpower, money, time and other resources. It is important to note that during an election, the administration and day-to-day lives...

A large amount of money is spent globally in the litigation process. A significant chunk of litigations can actually be prevented from even arising if the policies, contracts and laws can be fully objectivised. Presently, the interpretation of law, contracts, policies etc. lead to a lot of...

Blockchain Systems and Ubiquitous computing are changing the way we do business and lead our lives. One of the most important applications of Blockchain technology is in automation processes and Internet-of-Things (IoT). Machines have so far been limited in ability primarily because they have...

The world is rapidly moving onto a cashless economy. But our present economic system is highly centralised. It has a high transaction cost and is vulnerable to single-point failures (like hacking of the centralised servers). Moreover, a centralised digital economic system cannot ensure mixed...

The advent of Cryptocurrencies (like Bitcoins) is challenging traditional financial and governance institutions. It is expected that over a period of the next few years, cryptocurrencies may be the dominant mode of value exchange. In such a scenario, there will be a paradigm shift in the...

This paper proposes the introduction of a Global Sovereign Backed Crypto-currency called WorldMoney. WorldMoney will be an international reserve currency. We analyse the impact of WorldMoney on economies in a scenario where Sovereign Backed crypto-currencies will be the mainstream bills of...