Blockchains Impact on Electronic Discovery
Technology is a very powerful resource that has affected many industries positively. Technology is a great advantage especially when it comes to the education system because of the access to information and also the use of technological devices for learning.Additionally, the business industry benefits a lot from the technology especially because of online marketing and digital marketing. Businesses nowadays can transact using online money or electronic money which is not a safe platform. Research has been done for a long time now to come up with specific security measures to help businesses, individuals protect the information and also make businesses transactions better.
Blockchains is one of the technologies that has affected many industries. Blockchains can be understood mostly by people who use visual currency mostly associated with the bitcoin. There are important factors that can explain blockchain because it is a decentralized, digitalized and public ledger of all cryptocurrency transactions. Once transactions have been entered into the public ledger, they cannot be deleted which makes the blockchain a very interesting digital discovery.One of the industries that have been impacted a lot by the blockchain is the electronic discovery. Blockchain has impacted the electronic discovery a lot in the following way.
One of the tiring things about the law practice is the fact that you have to find a lot of evidence to prove your case. If you keep on losing many cases, you will not get the client and that is very dangerous for a lawyer because for some situations, there is not enough evidence to prove that the firm took place especially with electronic money. Getting information with the current technology that is the blockchain, is easy because once the information is in the public ledger, it cannot be deleted hence that information becomes very important to winning the case.
It is also beneficial to the clients that hire lawyers to present them for different cases especially when it comes to the price of hiring lawyers. Lawyers will ask you to pay for the time they took to find the evidence to prove your case in the court of law which increases the overall price of hiring the lawyer but with things made easier by the blockchain, it becomes simpler to get information.
If you want to install the blockchain software, it is not hard because there are companies that can help you in installing the software and also train you on not use it effectively.For example, cicayda are ediscovery experts including professional such as aaron vick that helps law firms to focus on legal workflows, software and analytics.