Blockchain Courts In Session: Place Where Law And Justice Meets Blockchain Technology

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Blockchain Courts in Session: Place Where Law and Justice Meets Blockchain Technology

Blockchain technology is a technological advancement that is common in the modern-day world. This technology generally refers to the use of blocks of data that are generated using cryptography. The data is permanent and normally comprises more information related to the particular transaction or item in question. While normally associated with cryptocurrencies and financial systems, blockchain technology shows promise for its application in many different areas. The legal sector is one of the most unique areas where blockchain technology shows great promise. The use of this technology in the legal system is an application that may not be apparent to many people. However, the use of blockchain technology to store evidence has some practical benefits that may revolutionize the legal system. The use of this system will result in increases in efficiency and transparency. These positive changes result in the general overhaul of the legal system, something that is already in motion in several states around the world such as China, Dubai, and Taiwan. How the Blockchain Recording Process Works In the modern world, blockchain technology is known for its significance as a means of keeping records. This feature has driven the growth of the crypto economy as it serves as the backbone of digital transactions. Creation of Blocks This system works primarily through the use of blocks. These blocks are records created through the use of cryptography. The blocks contain data associated with the transactions made in a particular system. These blocks also include timestamps and hash data that point out the previous block in the chain. As more data related to the transactions are added, more blocks are made and added to the chain. This process also involves a peer-to-peer network that owns similar copies of the blockchain ledgers that record transactions. These records cannot be tampered with or changed due to the foolproof system. Therefore, any changes made in this case will result in the addition of more data to the blocks, and more blocks to the chain. Significance in the Legal Sector In the legal system, evidence storage is a critical aspect of the operation of the system’s day-to-day activities. Evidence is important since it determines the nature of judgments made. Thus, storing evidence securely is important to ensure that individuals tried in court experience free and fair trials as required by the constitution. By achieving this, the legal process can save on resources and time. The use of such a system ensures that justice is served by promoting transparency. Through the system’s documentation of events and evidence in chronological order, unethical activities are less likely to occur. The system can be used to document events from as early as the investigation phase till the sentencing phase. As such, innocent individuals will be less likely to experience wrongly sentencing. The system will also ensure that those who break the law will be correctly dealt with in a timely manner that is open to any form of scrutiny. Due to the blockchain system’s tamper-proof and record-savvy aspects, it provides a unique opportunity for courts around the world. The use of this technology enables courts to easily store data relating to cases in an efficient and secure system. This system will therefore serve to meet the immediate and future needs of the legal sector and promote the dispensation of justice. Nations that Apply Blockchain to Store Court Evidence Given the kind of buzz around this technology, its relevance has been tested and in some countries, officially adopted. The system is used in China, Dubai, and Taiwan. In Asia, the use of this technology has already proven to be effective. In China, President Xi Xingping paved the way for blockchain reform adoption in 2018. A Chinese court in Guangzhou already adopted the technology that allowed for online cross-examination of evidence. In the system, individuals can submit the evidence online. Opposing parties can also ask questions and make statements, all of which are recorded on the blockchain. The system has also been replicated in Taiwan. In Dubai, the system has also been adopted by the Dubai International Financial Center (DIFC) Courts. The DIFC is tasked with settling both domestic/international, civil, and commercial disputes. The court has successfully integrated blockchain technology to help document the criminal justice process. The adoption of the process allowed for increased levels of cooperation in swiftly settling tasks. Final Word Blockchain is a technological advancement that hopes to transform many different sectors. One of these sectors happens to be the criminal justice system. The use of blockchain in documenting evidence from as early as the investigation phase is a gamechanger in the sector. The process has proven to be a secure and efficient method of evidence storage that helped dispense justice. By applying the system, states such as China, Dubai, and Taiwan can carry out their … Continued

The post Blockchain Courts in Session: Place Where Law and Justice Meets Blockchain Technology first appeared on Cryptoknowmics-Crypto News and Media Platform.

The post Blockchain Courts in Session: Place Where Law and Justice Meets Blockchain Technology appeared first on Cryptoknowmics-Crypto News and Media Platform.

Time Stamp: April 9, 2022