Attorneys now need to recognize blockchain transactions as a source of ESI that needs to be considered in preparing and responding to discovery requests, in the same manner as text, social media, and other electronic data sources.
Cloudflare’s IPFS Gateway provides an easy way to access content from the InterPlanetary File System that doesn’t require installing and running any special software on your computer.
Cloud platforms are beginning to create blockchain public ledgers of transactions and activities that occur on their platforms and distribute copies of those ledgers to the edge of their networks (and beyond).
The goal of IPFS is to “re-decentralize” the web by replacing the location-oriented HTTP with a content-oriented protocol that does not require trust of third parties.
Nearly 40% of the Deloitte respondents said their organisation will spend $5 million or more on blockchain technology in the coming year. Experts say the technology can provide substantial benefits for users who match blockchain with the right business cases.
Switching to blockchain could eliminate inefficient processes and unnecessary costs, but the digital transformation comes with risks.
Blockchain’s identification management processes, such as the ones that store and process personally identifiable information (PII), are crucial in designing GDPR-compliant solutions.
Blockchain is a foundational technology that has the potential to create new foundations for our economic and social systems. Blockchain is not a “disruptive” technology, which can attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly.
Unstructured experimentation of blockchain solutions without strategic evaluation of the value at stake or the feasibility of capturing it means that many companies will not see a return on their investments.
The National Institute of Standards and Technology (NIST) has issued a report titled “Blockchain Technology Overview.” The report is intended to provide a high-level technical overview and discusses the application of blockchain technology to electronic currency in depth as well as broader applications.