JEMTEC

  Intellectual Property may sound like a modern world invention but it has been actually around since the development of civilization. During the early 1800, the idea of a global protection of intellectual property right floated amongst legislative bodies. The history of Intellectual Property Rights, under the international law goes back to 1883 within the adoption of the Paris Convention, 1833 for the protection of Industrial Property. Then, three years later in the 1886, the Berne Convention extended the same protection of the intellectual property to written expressions and within half a year, trademarks were also granted protection in the international realm through the Madrid Protocol. With the adoption of the Madrid agreement, the first international intellectual property filing was launched in 1891 i.e. the Madrid System for the international registration of marks. In 1993, the United International Bureau for the Protection of Intellectual Property (best known by its French acro

  What is bitcoin? Bitcoin is basically an open source, peer to peer digital currency. Amidst many other things, what makes bitcoin exceptional and distinctive is the fact that it is the world’s first completely decentralised digital payments system that is to say that it is under no centralized authority. Santoshi Nakamoto in the original whitepaper that he published on bitcoin in 2009 had said that trade and commerce on internet is solely dependent upon financial institutions filling in as trusted third parties in order to process electronic payment . For instance, if X wants to send 1000 INR to Y over internet, he would have had to depend upon a trusted third party like Paypal or Google Wallet. These parties keep a record or ledger of their account holder’s balances and when this third party would send money to Y they would deduct 1000 INR from X’s account balance and would add it to Y’s account. Although this system functions well enough but it has certain limitations like marginal