Benefits of Blockchains on Electronic Discovery
Many industries have benefited a lot by the emergence of technology. For example, the education system is another beneficiary of the technology because, through the Internet, there is a lot of information that the students get to benefit them. 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.
One of the examples of the new technologies that are beneficial to many industries 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 characteristics of blockchain that you should know, for example, 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. One of the industries that have been impacted a lot by the blockchain is the electronic discovery. Discussed below are some of the benefits of blockchain on 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. When a lawyer doesn’t have enough evidence, it means that they will continuously lose the cases and losing customers because of lack of enough evidence to prove that is.With the new technology, especially with the blockchains, when transactions get into the public ledger, they cannot be deleted which is a great way of getting the evidence.
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. 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.
Today there are companies that are helping businesses in adapting the blockchain software and that is inexpensive for a law firm. 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.