Blockchains Impact on Electronic Discovery
Technology is a very powerful resource that has affected many industries positively. The education system is the other beneficiary of the technology because nowadays the teachings are by technological ways and also access information is another great advantage. An example of an industry that has benefited tremendously by the emergence of technology are the businesses because, with digital technologies such as the Internet, businesses can market the product and services to a broader market through the online platforms. There are also challenges that come with technology especially when companies transact businesses using the electronic money, it is not safe because of frauds. 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.
One of the examples of the new technologies that are beneficial to many industries is the blockchains. 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. Blockchains is a technological discovery that has impacted a lot the law industry. The following are the different ways blockchains has impacted the electronic discovery.
For a lawyer to win a case in a court of law, they have to have tangible evidence to prove what they are saying. 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.
On the other hand, the clients that hire lawyers can benefit in different ways especially when it comes to the cost. 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. 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.