How Blockchain is solving Legal issues and Transforming Legal Issues

[LeewayHertz]

Blockchain technology is becoming an eventual element which could disrupt every industry around the world. Widely known for its ability to store information in a transparent and immutable ledger, blockchain offers businesses a higher level of precision. Legal industries are also looking to revolutionize their operations with the distributed ledger technology.

By storing and validating records of transactions, legal firms will be able to maintain an accurate chain of custody and other legitimate activities on the blockchain.

Reference:- LeewayHertz

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[palle11]

I see blockchain to be like a search engine in the future, encoded though, which makes it unique. Just like in visuals, we have google giving almost any kind of information once you search through it. Soon, apart from the legal profession, some fields that desire some secrecy would start looking at blockchain, like the medical field etc.

[tanoe]

blockchain is a technological advance that represents trust between its users. in this case financial trust. actually we can use conventional bank facilities, but it takes a long time and costs a lot. whereas with blockchain, all problems can be solved.

in my opinion, why blockchain can be legal, because the concept offered is very relevant to current needs.

[Danilotot]

It's been a long time before the problem is crypto problem. many do not like crypto because they call it blockchain that they do not seem to be able to tax, and the banks of those countries are still one reason that crypto is not legal in other countries.

[avikz]

I see blockchain to be like a search engine in the future, encoded though, which makes it unique. Just like in visuals, we have google giving almost any kind of information once you search through it. Soon, apart from the legal profession, some fields that desire some secrecy would start looking at blockchain, like the medical field etc.

What kind of secrecy you are talking here? Blockchain is mainly a distributed ledger technology which doesn't really hide things. Instead it make things transparent by keeping all data in a chronological manner. Every time you need to add some more data, a block is created and stored in the record. There's no secrecy? Do you mean security here?

[Tapyaks72]

I see blockchain to be like a search engine in the future, encoded though, which makes it unique. Just like in visuals, we have google giving almost any kind of information once you search through it. Soon, apart from the legal profession, some fields that desire some secrecy would start looking at blockchain, like the medical field etc.

What kind of secrecy you are talking here? Blockchain is mainly a distributed ledger technology which doesn't really hide things. Instead it make things transparent by keeping all data in a chronological manner. Every time you need to add some more data, a block is created and stored in the record. There's no secrecy? Do you mean security here?

Blockchain technology is one of a kind which design with anonymity, P2P transaction and no boundaries this technology the only kind in which program to eradicate middleman in the process, in which integrity of the system  being enhance, and the speed of transaction is very fast and versatile.

[Gozie51]

and the banks of those countries are still one reason that crypto is not legal in other countries.

Banks are not the first reason that cryptos are not legalized except you are saying that banks own the country and I know that is not true. The correct position is that the countries establish the banks and regulate what they do, what they accept or not. If countries legalize cryptos by legislation, the banks will follow up from their but when the country has not made such laws, they will continue with the tradition.

[dark1234]

I see blockchain to be like a search engine in the future, encoded though, which makes it unique. Just like in visuals, we have google giving almost any kind of information once you search through it. Soon, apart from the legal profession, some fields that desire some secrecy would start looking at blockchain, like the medical field etc.

What kind of secrecy you are talking here? Blockchain is mainly a distributed ledger technology which doesn't really hide things. Instead it make things transparent by keeping all data in a chronological manner. Every time you need to add some more data, a block is created and stored in the record. There's no secrecy? Do you mean security here?

Blockchain technology is one of a kind which design with anonymity, P2P transaction and no boundaries this technology the only kind in which program to eradicate middleman in the process, in which integrity of the system  being enhance, and the speed of transaction is very fast and versatile.

from the structure of the blockchain system using decentralized P2P is a technology that basically implements technology transactions that are safe, transparent, easy and fast. so that every individual can use it in all things, and will be a liaison of transactions in all countries that can be legalized in the future

[CryptoBry]

I am sure that any industry that is using data as part and parcel of its operation can all benefit a lot with the blockchain technology in terms of security, transparency, immutability and most importantly trust. And the legal world will certainly embrace this innovation because people on the legal profession relied on correct data on their everyday dealings. Certainly, winning a case in court means that one must have the data accurate and adequate.