Coronavirus is changing the legal system with Blockchain technologies. Blockchain has gained more focus and popularity for its capability to improve the infrastructure and security of the legal system and courtrooms. First introduced alongside Bitcoin in 2009, It offers the courts a decentralized ledger system even before the coronavirus pandemic began.
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Records created by blockchain would be shared among all people in the system, from law enforcement officers to parole officers to attorneys or social workers. Changes in a defendant’s legal status would be documented instantaneously. Interested members of the public, such as alleged victims, could keep abreast of the status of defendants.
Blockchain technology makes it possible for all parties to have access to digital evidence while protecting that information’s confidentiality. Blockchain also seals documents for extra security, and associated parties can be recorded and added to the conversation; offering a complete virtual experience of a courtroom infrastructure. We now see the system relying on an electronic approach to continue legal proceedings, and move cases forward quickly and efficiently.
Lawyers may need to be conversant in blockchain technology. Different industry sectors may demand that their hired lawyers know which laws apply to blockchain technologies. Attorneys will ultimately determine how laws are enforced for this new standard. Blockchain could free up time that is currently spent on the more mundane aspects of developing transactions and contracts. The rapid transition to enterprise blockchain has been accelerated because of the virus. It also produces ancillary evidence for cybercrimes.
Legal professionals may be considering, in a post-COVID-19 world, the design and effectiveness of controls for all parties that are contributing data to the blockchain. They may want to exercise audit rights if needed. Investigations and legal experts should prepare for the broader adaptation and implementation of blockchain in their daily lives.
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