Industry awareness of blockchain technology has been on the rise in recent years, with the eDiscovery sector the latest to recognize its powerful implications beyond just Bitcoin and cryptocurrency. As underscored by the four sessions dedicated to discussion of blockchain at the International Legal Technology Association’s (ILTA) upcoming annual educational conference, the technology has several applications of potential interest to legal professionals, including its role in the incorruptible storage of data.
Blockchain also has the ability to significantly decrease legal disputes, as use of the technology renders contracts and other transactional information immutable. In addition, blockchain technology can enhance analytics capabilities by inputting blockchain data into machine-learning algorithms. What is unsure, however, is how costly or complicated it will be to search for data stored on a blockchain.
At ILTACON 2018, scheduled for August 19–23 in National Harbor, MD, sessions will focus on the basics needed to evaluate blockchain as a potential technology platform, best practices for the deployment of blockchain-based solutions, how to develop a blockchain application, and the potential ongoing impact of blockchain on the legal industry.
Also the focus of multiple sessions at this year’s ILTACON are artificial intelligence, data analytics, and security. And with the release of Windows 10, organizations will look to ILTACON panels for ways to enhance their workstation security.
As a leading eDiscovery technology developer, Knovos is looking forward to attending this year’s conference and sharing information about our own cutting-edge solutions and advanced approach to analytics. We are also excited to learn more about blockchain and other new areas of interest and development.
Come by booth #835 to meet the Knovos team and check out our full suite of legal information management solutions.