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. In a setting of a business, for instance, there are many benefits to accrue from the technology, for example, marketing of product and services can be done using digital technologies such as online marketing. However, other companies nowadays can transact businesses using the online money, it is not as safe as it may sound. 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.
Many discoveries have been made and one of the techniques being used today is the blockchains. One of the explanations that many people can understand is that blockchains is associated with visual money such as Bitcoin or cryptocurrency. There are important factors that can explain blockchain because it is a decentralized, digitalized and public ledger of all cryptocurrency transactions. One outstanding characteristic of the blockchain is that the information contained in there cannot be deleted from the public ledger. Blockchains is a technological discovery that has impacted a lot the law industry.Discussed below are some of the benefits of blockchain on the electronic discovery.
One of the challenging things about being a lawyer is the fact that you have to search for a lot of evidence for you to win a case in the court of law because you have to prove it. 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. With blockchain, once the information is entered into the public ledger, the information is permanent and cannot be deleted by any technology and that is important for a lawyer to get a direct information without being biased.
On the other hand, the clients that hire lawyers can benefit in different ways especially when it comes to the cost. It is only on the client because lawyers charge for the effort and the time they used to search for the evidence but with the public ledger, the evidence becomes easy to get hence reducing the overall cost of hiring a lawyer.
On the other hand, if you want to install the blockchain software, it is not expensive and also there is help. If you need to install the blockchain software, you can engage experts such as cicayda who are experts on ediscovery involving experienced and skilled person such as aaron vick.