Accellis Technology & Barracuda Networks Presenting At ABA Techshow
Over the years, the annual ABA Techshow has been a fantastic opportunity for Accellis to inform our clients and partners about the superior technology we offer to help businesses be more safe, secure, and efficient.
For 2019 the Accellis team will once again be partnering with Barracuda Networks to present some of the most powerful and practical technologies available for lawyers and legal professionals.
On March 1st we will be presenting at the ABA Techshow, focusing on Email Security, Network Security, Blockchain development, Artificial Intelligence (AI) and even ‘Smart’ Contracts that are all showing early promise within the legal industry.
AI, Blockchain, and Smart Contracts are promising new technologies providing a new way to think about security for both networks and business processes. Let’s breakdown how this technology works and how it can keep private data secure and allow businesses to fight against cyber attacks.
In this post, we will focus on Blockchain technology.
What is Blockchain?
Don & Alex Tapscott, authors of Blockchain Revolution give a clear description.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Blockchain technology is a ledger, NOT stored in any one place in a decentralized network.
- All new entries to the blockchain must be verified.
- Cryptographic calculations prevent double spending and thus maintain scarcity.
- Once validated, a ‘block’ of entries is committed to the ‘chain’.
These may never be removed or edited. That is, the blockchain is immutable.
Blockchain In The Legal Industry
Blockchain’s ability to create decentralized asset ownership and rights distribution gives lawyers a technology to help securitize and make their practice more efficient. Blockchain works when organizations come together to share and audit information to automate common processes.
- Document context around a smart contract to make the intent clear and immutable.
- Dispute Handling
- A platform of tools to freeze smart contracts and utilize our dispute resolution vendor marketplace.
- Collections & Enforcement
- Legally Binding
Allow for timely enforcement of resolutions and judgments.
To learn more about Blockchain technology, please contact us today.