How the Electronic Discovery Benefits from the Blockchains
All industry can confess of the many reasons why technology is a very important resource. 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. 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. However, other companies nowadays can transact businesses using the online money, it is not as safe as it may sound. There has the need therefore to take care of all the insecurities when it comes to the use of online transactions to protect information about the business and also the online money.
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. 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. Discussed below are some of the benefits of blockchain on 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.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. 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.
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.