The technology behind the bitcoin digital currency has been heralded as the future of recordkeeping and digital file management and security. But while predictions are plentiful, scalable transformations of the blockchain technology for organizations, law firms and legal departments have been lacking. However, that is beginning to change, and in a big way.
From startups like Tierion to established industry players like Deloitte, usable blockchain technologies are set to hit the market, allowing many organizations to take advantage of what Jason R. Baron, a member of Drinker Biddle’s information governance and e-discovery practice, explains is the technology’s coveted “trust” element.
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