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  Protecting sensitive client information is one of the priorities of all Legal firms. While the legal sector is slowly moving to online data storage, the necessity to ensure data protection has increased drastically. The use of blockchain document security has also been actively adopted in recent years.     Avoiding digital data storage and relying on hard copies for the storage and maintenance of files, records and other information may find a temporary solution but it is not a viable choice for a long-term. Online data storage offers a much more convenient and advanced platform to deal with confidential/sensitive data of clients and different cases. But where there are many advantages of using online data storage, there is also the risk of security concerns. Keep reading more to learn everything essential about document security in the legal sector. The Importance of Data Security In 2011, the American Bar Association opinionated an issue where the duty of c...

In the digitization world, the requirement for managing & securing valuable documents is becoming very crucial. Day by day, the generation of vast amounts of digital artefacts such as health records, property registration records, educational certificates, employee service records etc have increased. The inefficiency of the manual & paperwork is hugely felt across various organisations. Document security is something everyone should think about but data stored in the blockchain can be extremely beneficial. Let us read about the blockchain document security process.     Issues faced while managing documents:   Loads of documents are tackled by employees & processed, some on paper and mostly in digital formats. Documents like contacts, invoices, payroll delivery notes, purchase receipts, payment receipts, reports and so on. It is not at all easy to make a list of all these documents. The document flows are the biggest headache and arduous job for most ...

  Blockchain has emerged to be one of the revolutionizing technologies as more and more industries are tapping in its power to support their operations. Over the past few years, cryptocurrency is one of the first applications coming from blockchain technology, took over the world. There’s more use of this technology as its immutable, decentralized and transparent nature makes it an ideal fit for different fields such as education, healthcare and more. The blockchain ledger technologies particularly have impacted the educational sector quite a lot.   With the blockchain encrypted document and other more uses, the education sector has taken a step forward. So much so that blockchaintechnology has the potential to become an important aspect for the education sector. Let’s take a look at the things for which blockchain is used today in the education sector and how it can become more important in future. Issuing Course Diplomas and Certificates Blockchain offers a plat...

  Bitcoin employs Blockchain as a platform to securely record cryptocurrency transfers from seller to buyer, eliminating the need for a central bank. The procedure starts with a Bitcoin purchase request. This transaction is contained within a block, which may also contain other transactions of a similar nature. The block is then broadcast to a network of computers known as "nodes." The transactions must then be validated by each party in the network. The block is permanently added to the chain after validation and cannot be removed or modified. After that, the Blockchain will be updated and used.   What is it that makes the Bitcoin Blockchain so safe? Every block in a Blockchain contains the previous block's hash code. To change one transaction, a hacker would have to change every subsequent block in the chain to ensure the hash codes remained consistent—a potentially endless task that renders blocks practically immutable. Bitcoin is thus protected from tampering by...