alt Hacker NewsThe context was regulatory requirements for companies. I mean that as a business you pay someone to take care of your legal document preservation duties, and in case data gets lost, they will be liable for the financial damage this incurs to you. Outsourcing of risk against money.
Whether or not the Internet Archive counts as a legally acceptable trustee service is being litigated in the court systems [1]. The link is a bit dated so unsure what the current situation is. There's also this discussion [2].
[1] https://www.mololamken.com/assets/htmldocuments/NLJ_5th%20Ci...
[2] https://www.nortonrosefulbright.com/en-au/knowledge/publicat...