How Algorithms and Machines have Disrupted the way Law is Practices
STUDENT PAPER
By Y-son Nguyên
SKEMA Business School
Paris, France
ABSTRACT
Artificial Intelligence, machine learning, algorithms…These innovations have disrupted every industry in our society. As this technological revolution also affected the legal environment, because of its essence (in other words, because it needs to be regulated), and especially how the law is practiced. Thus, in our study, we will investigate AI related contracts and what is the effect of algorithms on contracts. We will consider five main options linked with the purpose of our study: the creation of an “electronic personality” in order to recognize AI value creation, improving “smart contracts”, emphasizing on the working relationship between machines and lawyers, and imposing a ban on AI. To rank these alternatives, we will use several criteria to evaluate them, and we will refine our analysis through a qualitative and quantitative analysis. At the end of our study, we will conclude that making “smart contracts” smart stands out as the best way to improve how the law is practiced today. Indeed, as an intelligent machine, it is able to outperform a human. Nonetheless, the lawyer profession is still needed to make smart contracts intelligent.
Key words: Artificial Intelligence, AI, Contract, Technology, Law, Dat, Machine Learning, Algorithms
INTRODUCTION
Our society has known many revolutions, from the industrial one in the XVIIIth century to the IT one during the XXth century. Nowadays we are assisting in the evolution of how humans interact with their connected environment[1]. Indeed, we are living in a world where technology has a major impact in many fields: health, finance, law, security, etc. Artificial Intelligence (AI) is the product that can define the most how intelligent algorithms are helping us to better improve.
Moreover, AI is a product that can also be considered as a project, a program, or a portfolio[2]. Indeed, we can see in our table some examples[3],[4],[5]
More…
To read entire paper, click here
Editor’s note: Student papers are authored by graduate or undergraduate students based on coursework at accredited universities or training programs. This paper was prepared as a deliverable for the course “International Contract Management” facilitated by Dr Paul D. Giammalvo of PT Mitratata Citragraha, Jakarta, Indonesia as an Adjunct Professor under contract to SKEMA Business School for the program Master of Science in Project and Programme Management and Business Development. http://www.skema.edu/programmes/masters-of-science. For more information on this global program (Lille and Paris in France; Belo Horizonte in Brazil), contact Dr Paul Gardiner, Global Programme Director paul.gardiner@skema.edu.
How to cite this paper: Nguyên, Y. (2019). Artificial Intelligence Contract: How Algorithms and Machines have Disrupted the way Law is Practices, PM World Journal, Vol. VIII, Issue IX, October. Available online at https://pmworldlibrary.net/wp-content/uploads/2019/10/pmwj86-Oct2019-Nguyen-artificial-intelligence-contract.pdf
About the Author
Y-son Nguyên
Paris, France
Y-son Nguyên is a young Project Manager of 23 years old and a former PGE Student at SKEMA Business School where he did the MSC Project and Program Management and Business Development. He has a strong international background since he lived in France, USA, Brazil, and he is deeply rooted with Vietnamese culture
After graduating from High school and passed his economical and social “baccalaureate” with honors; he did a Preparatory class for competitive entrance into French Business School during 2 years Paris. He integrated the “Programme Grande Ecole” of SKEMA BS in Management in 2015. During his time in SKEMA BS, Y-son also had several significant work experiences.
Attracted by the consulting environment and project management, he dedicated myself to develop an intellectual curiosity necessary to both of these sectors since he was 16 years old. Indeed, his different experiences in other cultures such as in Vietnam (2013) or in the United States (2017) and Brazil (2018) allowed him to take a step back from our society.
Indeed, he worked as a project manager in two associations. This commitment allowed him to take part to many projects related to sports and music. Then he worked as a project manager for 9 months in an IT consulting firm, currently located in Paris.
For now, Y-son is a consultant at Accenture in Paris.
Y-son currently lives in Paris, France and can be contacted at yson.nguyen@skema.edu; you can also send him a message via Linkedin: https://www.linkedin.com/in/y-son-nguyen-4a3256bb/
[1] Giulio Coraggio (2018), How artificial is changing the world around us. Retrieved from: https://www.gamingtechlaw.com/2016/10/artificial-intelligence-world-change.html
[2] Planning Planet (2015), GUILD OF PROJECT CONTROLS COMPENDIUM and REFERENCE (CaR). Retrieved from: http://www.planningplanet.com/guild/gpccar/introduction-to-managing-people
[3] Patrick Moorhead (2018), Apple’s New iPhone Recycling Robot ‘Daisy’ Is Impressive, And In Austin. Retrieved from: https://www.forbes.com/sites/patrickmoorhead/2018/04/19/apples-new-iphone-recycling-robot-daisy-is-impressive-and-in-austin/#a9c0adf7f2e4
[4] Daffodil Software (2017), 9 Applications of Machine Learning from Day-to-Day Life. Retrieved from: https://medium.com/app-affairs/9-applications-of-machine-learning-from-day-to-day-life-112a47a429d0
[5] Andres Richter (2018), How Artificial Intelligence Is Changing ERP. Retrieved from: https://www.industryweek.com/technology-and-iiot/how-artificial-intelligence-changing-erp
