March 06, 2019 Articles

What Does Blockchain Mean for Dispute Resolution?

Centralized and distributed ledgers of market and financial data may allow for more efficient collection and analyses of crucial data in a variety of disputes, including class actions.

By Nicole Moran

The word “blockchain” has gone from relative obscurity to everyday use over the last year and a half. Google searches have exploded tenfold from 2016 to the search peak in mid-December 2017. Some argue that the invention of the blockchain will change the world. Blockchain technology may or may not change the world the same way that electricity, paper, or the printing press did, but it will have an impact. This article examines how blockchain may affect dispute resolution, focusing on one of the most costly aspects: the collection and analysis of data and documents.

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