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Frequently Asked Questions
1Is there a legal infrastructure in blockchain technology?
In India, there is no specific law that governs and regulates blockchain technology and its various applications. However, depending on the different sectoral applications the existing sector-specific regulators may possess the necessary authority to regulate the usage of blockchain related applications
2How will blockchain impact the legal industry?
Blockchain will impact conveyancing by altering and improving how systems for property transactions work. It will streamline them, simplify them and make transactions cheaper and faster. The property market will change dramatically due to the introduction of Blockchain.
3What is the purpose of the metaverse?
In the broadest terms, the metaverse is understood as a graphically rich virtual space, with some degree of verisimilitude, where people can work, play, shop, socialize — in short, do the things humans like to do together in real life
4Is the metaverse real?
In a nutshell: No. We don't have a shared metaverse at this time. The metaverse concept could be more than a decade away from becoming fully realized, and it's clear that a true metaverse will require cooperation among the biggest players in the tech world.