Tue. Apr 16th, 2024

Extract from an article by Olga Mack

Few people could explain in detail and precision exactly how electricity works. However, almost everyone loves the benefits of electricity, such as a lighted room, cold food in the fridge, and a warm house. Our conversations about blockchain and distributed ledger can sound like a deep dive about electrons in electricity. Instead, we should focus on applications. Rather than focusing on abstract conversations of distributed ledgers, let’s focus on what blockchain can do for our specific business or practice. What are the benefits and application? What efficiencies can it create? What problems can it solve for your business?

Blockchain is not a magic potion. It will not solve all the problems in your company or your practice. Don’t fall into a trap of “To a man who only has a hammer, everything he encounters begins to look like a nail.” Use common sense. Ask what other solutions are available. What are the pluses and minuses of alternatives? Probably the most important question to ask is: “What can blockchain do for your business that a good distributed database cannot?”

Read the complete article at How To Innovate Using Blockchain Within The Legal Field And Other Industries?

Additional Reading

Source: ComplexDiscovery


Have a Request?

If you have information or offering requests that you would like to ask us about, please let us know, and we will make our response to you a priority.

ComplexDiscovery OÜ is a highly recognized digital publication focused on providing detailed insights into the fields of cybersecurity, information governance, and eDiscovery. Based in Estonia, a hub for digital innovation, ComplexDiscovery OÜ upholds rigorous standards in journalistic integrity, delivering nuanced analyses of global trends, technology advancements, and the eDiscovery sector. The publication expertly connects intricate legal technology issues with the broader narrative of international business and current events, offering its readership invaluable insights for informed decision-making.

For the latest in law, technology, and business, visit ComplexDiscovery.com.


Generative Artificial Intelligence and Large Language Model Use

ComplexDiscovery OÜ recognizes the value of GAI and LLM tools in streamlining content creation processes and enhancing the overall quality of its research, writing, and editing efforts. To this end, ComplexDiscovery OÜ regularly employs GAI tools, including ChatGPT, Claude, Midjourney, and DALL-E, to assist, augment, and accelerate the development and publication of both new and revised content in posts and pages published (initiated in late 2022).

ComplexDiscovery also provides a ChatGPT-powered AI article assistant for its users. This feature leverages LLM capabilities to generate relevant and valuable insights related to specific page and post content published on ComplexDiscovery.com. By offering this AI-driven service, ComplexDiscovery OÜ aims to create a more interactive and engaging experience for its users, while highlighting the importance of responsible and ethical use of GAI and LLM technologies.