A STUDY ON THE CONCEPT OF BLOCKCHAIN TECHNOLOGY AND ITS APPLICATION IN LEGAL SECTOR

AUTHOR – N. SETHUPRIYA, STUDENT AT SCHOOL OF EXCELLENCE IN LAW, THE TAMIL NADU DR AMBEDKAR LAW UNIVERSITY, CHENNAI.

BEST CITATION – N. SETHUPRIYA, A STUDY ON THE CONCEPT OF BLOCKCHAIN TECHNOLOGY AND ITS APPLICATION IN LEGAL SECTOR, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (1) OF 2025, PG. 1403-1415, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

Blockchain is a distributed ledger technology which was first introduced in the design and development of cryptocurrency, Bitcoin in 2009 by Satoshi Nakamoto. Blockchain is an amalgamation of various innovations. Data and transactions executed over the network are stored in the ledger in a decentralized manner over a peer-to-peer network. Blockchain eliminates the need for a central entity to validate the transactions. Data and transactions stored in blocks of Blockchain are secured against tampering using cryptographic hash algorithms. Each block contains details of transactions, hash of the previous block, timestamp etc. It is difficult for an adversary to modify the stored details at majority points. Therefore, Blockchain provides better security when compared with a centralized system. Blockchain has emerged to become a potentially transformative force in multiple aspects of government and private sector operations. This Technology has applications in various domains such as education, governance, finance & banking, healthcare, logistics, cyber security, media, legal, and power sector. As Blockchain technology is an emerging area, there are various challenges that need to be addressed to adopt and effectively use it in different applications. The judiciary, often seen as the bedrock of society, stands as the guardian of justice, equity, and the rule of law. Legal industries are also looking to revolutionize their operations with distributed ledger technology, where data from multiple entities such as police, judiciary, legal department, etc., needs to be stored in a coordinated manner, where the requirement may be fulfilled effectively using Blockchain technology. This article discusses the importance and uses of blockchain technology and its impact and application in molding the next generation of smart courts.

KEYWORDS – Blockchain, Innovation, Legal sector, Transaction, Courts.