Booming Blockchain Usage Could Become E-Discovery’s Kryptonite

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Blockchain-based belongings reminiscent of cryptocurrencies and non-fungible tokens (NFTs) are cropping up with broad utilization amongst people and organizations. However when these digital belongings lastly land in a courtroom, they may convey a number of difficulties to e-discovery practitioners. 

E-discovery software program, as an illustration, can’t simply render blockchain transactions, stated Patrick Burke, former New York State Division of Monetary Companies deputy superintendent and present companion and chair of Phillips Nizer’s information expertise and cybersecurity group. “The problem of doing e-discovery on blockchain transactions is that, whereas there are instruments to trace cryptocurrency and different blockchain actions, they typically don’t translate properly to proof you possibly can view on an e-discovery platform,” he famous.

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