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.