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. 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.Businesses nowadays can transact using online money or electronic money which is not a safe platform. For long time now, there has been a lot of research done by many people, trying to figure out ways of reducing technological frauds and amazing discoveries being done.
Many discoveries have been made and one of the techniques being used today is the blockchains.Blockchains can be understood mostly by people who use visual currency mostly associated with the bitcoin. Therefore, blockchain is a decentralized, digitalized 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. Law firms have been affected a lot by the discovery of the blockchain. The following are the different ways blockchains has impacted the electronic discovery.
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. 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. 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.
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.