DIGITAL DISRUPTION: LEGAL IMPLICATIONS FOR COMMERCIAL TRANSACTIONS IN 21ST CENTURY
AUTHORS – RUDRAKSH SINGH SISODIA & MIMANSA JOSHI, STUDENTS AT RAJIV GANDHI NATIONAL UNIVERSITY OF LAW
BEST CITATION – RUDRAKSH SINGH SISODIA & MIMANSA JOSHI, DIGITAL DISRUPTION: LEGAL IMPLICATIONS FOR COMMERCIAL TRANSACTIONS IN 21ST CENTURY, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (2) OF 2024, PG. 44-50, APIS – 3920 – 0001 & ISSN – 2583-2344.
ABSTRACT
Digital disruption has become a pervasive force in the 21st century, reshaping industries and challenging traditional ways of conducting commercial transactions. This paper explores the legal implications of the widespread adoption of digital technologies in the industry in the 19th century. The study examines how developments such as blockchain, smart contracts, and artificial intelligence impact the legal framework governing business transactions.
The paper examines the challenges and opportunities presented by digital disruption, focusing on issues such as data privacy, contractual relationships, and compliance. In addition, it examines the growing role of intermediaries and the need for a regulatory framework to accommodate the dynamics of digital networks.
This paper aims to provide insight into the legal challenges associated with digital disruption in business practices through a comprehensive review of relevant legal literature, case studies, and legal developments. By understanding regulatory implications, stakeholders including businesses, lawyers, and policymakers can better navigate the rapidly changing digital economy landscape The findings of this study contribute to an ongoing discourse on regulation-changing policies to ensure proper regulation and protection of digital stakeholder networks.
Keywords: Digital disruption, Legal implications, Commercial transactions, E-commerce, Cybersecurity