Blockchains Impact on Electronic Discovery
Technology is a very powerful resource that has affected many industries positively. 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. 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.
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.Another important fact about the blockchain is that it cannot be deleted from the public ledger. 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.
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. 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.
Hiring a lawyer is very expensive especially for businesses and by the use of the blockchain it is cheaper. With blockchains, a lawyer can get the evidence is low without much struggle because when a lawyer struggles to get information, they will charge you for the time and also the effort increasing the overall price of getting a lawyer.
Today there are companies that are helping businesses in adapting the blockchain software and that is inexpensive for a law firm. For example, cicayda are ediscovery experts including professional such as aaron vick that helps law firms to focus on legal workflows, software and analytics.