What is palpable today is the confluence of the legal world, which is an environment of tradition and ancestral values evolving thanks to new technologies. These technologies are not necessarily disruptive, they are sometimes reasoned. Artificial Intelligence can seize the right.
“Code is Law”, the superposition of this famous Lessig maxim, provides an interesting insight into the politics of given architectures. The A.I. will certainly bring about many upheavals, but lawyers will know how to deal with it. The challenge will be to ensure that it is AI that is invested by lawyers and not vice versa.
The rise of Legaltech, these famous law startups, seems to have taken the lead in terms of digitalization of the legal sector. The use of technology and software to offer legal services and make the law more accessible, implies that the Legaltech sector disrupts the law in its own way, very often based on developed and efficient algorithms.
Of all the jobs robots might one day take over, there are some that have always seemed off limits. For example, artificial intelligence could never gain the creativity to be an artist or a musician (except it has), learn the human emotions necessary to write comedy (sorry, that too), or possess the analytical thinking you need to become a lawyer. Well, every one of those has proven to be false. In fact, AI has been helping humans with their minor legal inconveniences for several years now. It’s only going to get more advanced from here.
In modern days, a great number of lawyers dispute about Self-Executing Contracts implementation. Despite of unlimited potential, which will serve as an optimization of government management and economical and judicial branches, many lawyers push back against this idea. To begin with, we will find out what is the smart contract. Smart Contract is self-executing contract between the buyer and seller, which is written into lines of code. The code and the agreements exist in blockchain network. The code oversees all transactions execution. Applied in accounting, fiscal policy, electoral system, judicial system, notary and all registration processes.