In October 2021, Facebook founder Mark Zuckerberg announced that the social media giant would rebrand the company as Meta and focus on developing Metaverse, a digital platform that provides three-dimensional content. space that allows individuals to socialize, play, work, learn and shop. Metaverse uses a variety of technologies, including virtual reality and augmented reality that its parent described as “the next evolution of social connection.”
Meta put it all into the project, spending $ 10 billion on it by 2021. Even if its success is yet to be seen, investment banks like Citi say Metaverse could one day be worth $ 13 trillion and have forever of 5 billion users. Multinationals like Walmart, Nike, and Microsoft have also seen promise in the platform and are investing in their digital presence in the space.
As Meta prepares to take its users to the new frontier of the Metaverse, what do home lawyers and paralegals need to know about its impact on eDiscovery? Here are a few things to keep in mind.
Existing eDiscovery principles apply to the metaverse.
While the concept of a metaverse may be new, the electronically stored information, or ESI, associated with it is unlikely. Those in the metaverse can expect their interactions to produce data in one form or another, be it chat logs, audio or video files.
Creating such data raises a second problem: storage.
Companies involved in the metaverse should have ways to preserve the information when they are reasonably aware of the pending litigation, as well as a way to collect, review, and make it available when one is discovered.
Companies and their legal groups must know which data points are collected by the service, where the data is stored, the technical owner of the database, company or service maintenance policies, and how to manage that data. . From this.
The metaverse has no immediate impact on eDiscovery.
During the growth of the eDiscovery industry, there have been significant technological advances as well as many radical changes in the types of ESI that are commonly expected in eDiscovery exchanges. We have seen the rise of modern ISE from cell phones, for example. One thing we all agree on is that the world of eDiscovery is slowly catching up with technological innovation.
Companies are always slow in the widespread adoption of new technologies. If there are new trends, we will start to see them more often on eDiscovery and try to answer the unique questions that arise. Many basic questions about the ownership, storage, and types of information collected are likely to be answered in one form or another before they need to be sorted out by eDiscovery vendors.
Collaboration tools provide an analogue.
While Meta seeks to fundamentally change the way we interact with the world, there is a clear parallel in the collaboration technologies that have made progress in the workplace in recent years, such as Slack and Microsoft Teams. Our previous suggestions for solving new workplace collaboration tools remain the same for Metaverse.
Just as companies need to ensure that their legal retention processes take into account the specific needs of their collaboration tools, they also need to ensure that their policies and processes follow the preservation and retention of metaverse data. .
The eDiscovery industry will continue to learn more about Metaverse as it is used. We have already managed the technological changes and have quickly mastered the challenges ahead. We are confident that the same will happen in the Metaverse.