Blockchain and AI ‘could underpin’ future law firms

A future where law firms are ‘distributed entities’ based ‘ because ‘it lacks a scientific base from which to analyse its needs with respect to technology’.

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A future where law firms are ‘distributed entities’ based on blockchain and smart contracts, and lawyers will add value by being “stronger” trusted advisers assisted by artificial intelligence, has been mapped out by futurologists.
The centralised command structure of law firms ‘ in common with other businesses ‘ would be made redundant under this vision, and lawyers would be rewarded on a super-efficient ‘peer-to-peer’ basis, instead of being promoted to equity partnerships.
The paper was co-authored by leading UK legal academic Professor John Flood, currently working at Griffith University in Australia, and his colleague at the Law Futures Centre there, Lachlan Robb

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  • Publisher: Legal Futures
  • Date: 2018-08-13T00:01:20+01:00
  • Twitter: @legalfutures
  • Citation: Web link

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Quite a lot has been going on:

Blockchain and bluster: Why politicians always get tech wrong

Politicians and tech companies have a strained relationship at best. When they need a few cheap headlines, politicians will cheerfully bash tech companies for doing things like offering encrypted communications services — while their colleagues use those very same services.
But then, when they want to look visionary, or simply don’t have a real answer, politicians will make glib mention of cutting-edge technology and how it will solve otherwise intractable problems.
Key to the smooth working of the proposed post-Brexit trade agreement is a new (and currently entirely theoretical) customs arrangement

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  • Publisher: ZDNet
  • Author: Steve Ranger
  • Twitter: @ZDNet
  • Citation: Web link

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The NeXt Revolution: Boeing Sparks AI, Blockchain Platform to Manage Drones

Aerospace giant Boeing has seen the future of unmanned traffic management and it is one immersed in drones, blockchain and artifical intelligence – or at least it may be, given a new partnership announced today with AI tech leader SparkCognition.

Based in Austin, Texas, the AI development firm will work with Boeing to further their work towards a future that makes use of artificial intelligence by applying their knowledge and experience to the creation of a UTM that can safely and securely track drones, allocating traffic routes and corridors.

  • Author: Sarah Whittaker
  • Citation: Web link

5 Promising Blockchain Scalability Projects to Watch in Q4 2018

Even as blockchain’s reach continues to expand, the technology remains held back by limitations that are largely the result of its creation. Despite its immense potential for decentralization and disintermediation of many services and systems, blockchain solutions remain largely theoretical due to both technical and cost-related restrictions. The problem for most cryptocurrency and blockchain-based applications is that decentralized networks, while reducing the hardware costs for companies developing them, increase the cost of maintenance. Furthermore, scaling is significantly harder due to the intense resource needs of hosting an ever-expanding distributed ledger on every node.

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  • Publisher: ChainBits
  • Date: 2018-08-06T07:37:31-04:00
  • Twitter: @chainbitsweb
  • Citation: Web link

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