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Cybersecurity Law & StrategyFeaturesCybersecurityE-Discovery

The Benefits of Blockchain for e-Discovery and Data Preservation

By Kelly A. Lavelle
September 01, 2024

Originally developed as the foundation for cryptocurrencies like bitcoin, blockchain technology's potential extends far beyond digital currencies. Its decentralized and secure nature makes it a transformative tool for data preservation and management across various fields, including health care, supply chain management, asset administration, banking, and financial markets.

Traditionally, e-discovery has relied on centralized systems and methods for gathering data. These systems often face challenges related to data security and integrity. Blockchain technology, however, will transform this landscape significantly. Unlike centralized systems, blockchain offers a decentralized ledger that records all transactions from its beginning in a secure and transparent manner. This ledger serves as an indisputable chain of custody, providing enhanced protection against data spoliation and ensuring that all changes are permanently recorded and traceable.

As businesses across various industries increasingly adopt blockchain, it will become a critical source of discoverable electronically stored information (ESI). The potential benefits of blockchain for e-discovery and data preservation are substantial, making it an area of growing interest and importance.

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