BLOCKCHAIN ARBITRATION AND SMART CONTRACTS IN INDIA

One of the new developments in the age of technology is Blockchain Technology. Technology has the power to modify the perspective on how things are done so far and all the orthodox strategies that our human brain is used to. In simple words, like any other technological development, Blockchain is created to reduce the effort of a person and increase the role of technology to increase productivity for the task concerned. In technological world smart contracts have gained a lot of popularity and acknowledgment. In the field of law, the influence of innovations is rising at a mind-blowing pace which is increasing day by day. Although blockchain technology has been one of the most talked about developments in technology in recent years, its effect on legal processes remains to be mysterious. This article details about the blockchain and smart contracts and their usage in arbitration. In this article the difference between traditional and smart contracts are summarised. It also explores the Indian scenario and stand on smart contracts

Analysis of Legal Realism Theory

Jurisprudence can be called as the foundation of law that helps in forming, analyzing and interpreting of laws. Jurisprudence as seen by laski: as the eye of law, it relating the functioning of eye that helps in seeing the environment similarly it helps in giving a new understanding to the laws. The Legal Realism Theory is one of the most important theory of jurisprudence which helps in giving the wings in understanding of decision of courts. The realists contend that law has emanated from judges, hence law can be said as what court do and not what they say. This realist theory is the branch of sociological jurisprudence. Researchers believe that legal realism to be a development which ought not be formalized into a different school of law, as it only part of the sociological approach. Legal Realism as movement in thought of law or an idea of law, dismisses the thought of natural law as it doesn’t give the principles of justice. So, it not accepting the imperative model of law as for realist the meaning of legal term is not defined by law makers but it’s the observation of law in action. Also, Prof. Sir John Chipman Gray’s propositions “judges put life into the dead words of law” and “law is what judges declare”. The objective of this paper is to understand the literal meaning of Realism in its legal point of view and basic interpretation relating to it. Also, the research paper mentions the Legal Realism in the view point of Indian scenario. So, the paper acknowledges that Legal realism is the modern and latest school of the jurisprudence. Key words: Legal Realist, Realism, Sociological, Jurisprudence, Societ

Section 3 of The Competition Act: Selective Distribution Agreements and Luxury Goods

Through this Research Paper, the author aims to establish that it may be vital for luxury brands to develop an elaborate selective distribution system in order to choose its authorized sellers and distributors. This distribution system cannot be said to be a violation of Sec. 3 of the Competition act, as such a distribution system is necessary to promote its brand image as well as to preserve its aura of luxury, that it delivers or promises to deliver to its consumers

Translations equations to compare ActiGraph GT3X and Actical accelerometers activity counts

Background: This study aimed to develop a translation equation to enable comparison between Actical and ActiGraph GT3X accelerometer counts recorded minute by minute. Methods: Five males and five females of variable height, weight, body mass index and age participated in this investigation. Participants simultaneously wore an Actical and an ActiGraph accelerometer for two days. Conversion algorithms and R2 were calculated day by day for each subject between the omnidirectional Actical and three different ActiGraph (three-dimensional) outputs: 1) vertical direction, 2) combined vector, and 3) a custom vector. Three conversion algorithms suitable for minute/minute conversions were then calculated from the full data set. Results: The vertical ActiGraph activity counts demonstrated the closest relationship with the Actical, with consistent moderate to strong conversions using the algorithm: y = 0.905x, in the day by day data (R2 range: 0.514 to 0.989 and average: 0.822) and full data set (R2 = 0.865). Conclusions: The Actical is most sensitive to accelerations in the vertical direction, and does not closely correlate with three-dimensional ActiGraph output. Minute by minute conversions between the Actical and ActiGraphvertical component can be confidently performed between data sets and might allow further synthesis of information between studies

Major bioactive metabolites from marine fungi: A Review

Biologists and chemists of the world have been attracted towards marine natural products for the last five decades. Approximately 16,000 marine natural products have been isolated from marine organisms which have been reported in approximately 6,800 publications, proving marine microorganisms to be a invaluable source for the production of novel antibiotic, anti tumor, and anti inflammatory agents. The marine fungi particularly those associated with marine alga, sponge, invertebrates, and sediments appear to be a rich source for secondary metabolites, possessing Antibiotic, antiviral, antifungal and antiyeast activities. Besides, a few growth stimulant properties which may be useful in studies on wound healing, carcinogenic properties, and in the study of cancers are reported. Recent investigations on marine filamentous fungi looking for biologically active secondary metabolites indicate the tremendous potential of them as a source of new medicines. The present study reviews about some important bioactive metabolites reported from marine fungal strains which are anti bacterial, anti tumour and anti inflammatory in action. It highlights the chemistry and biological activity of the major bioactive alkaloids, polyketides, terpenoids, isoprenoid and non-isoprenoid compounds, quinones, isolated from marine fungi

Production of extracellular enzymes in the entomopathogenic fungus Verticillium lecanii

This study investigates the mechanisms as well as strategies for purification and characterization of potential enzymes involved in pathogenesis of entomopathogenic fungi. The test strain of Verticillium lecanii that was screened, during the present investigation, proved to be an efficient producer of protein and polysaccharide degrading enzymes (amylase, protease, and lipase), hence indicating versatility in biochemical mechanisms. Halo zones produced colony growth of V. lecanii on agar confirmed activity of protease, amylase and lipase enzyme by the V. lecanii isolate. Enzymatic Index (EI) observed were: Protease – 2.195, Amylase- 2.196, Lipase- 2.147. Spectrophotometric analysis of enzymatic activity of V.lecanii at five different pH – 3, 5, 7, 9, 11 revealed that highest proteolytic activity of the V. lecanii isolate was reported at pH 7 and 9 whereas proteolytic activity was minimum at acidic pH 3. Maximum amylolytic activity of V. lecanii on the 7 th day of inoculation was at pH 3 i.e. in an acidic environment in contrast to neutral pH 7. Maximum lipolytic activity of V. lecanii was found at pH 7. Since enzyme production in entomopathogenic fungi is specific and forms an important criterion for successful development as well as improvement of mycoinsecticides, hence a significant conclusion from the present analysis is the degree of variation in secretion of enzymes in test strain of Verticillium lecanii