Altcoins News
By Maheen Hernandez
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Ripple (XRP) blockchain Leveraging Technology to Democratize Legal Process
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Ripple Insights published an interesting “potential on blockchain and law.”
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Scott Chamberlain, an Entrepreneurial Fellow at Australian National University (ANU) College of Law, stated, “Imagine an eBay-like platform that can resolve consumer law disputes…
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Scott Chamberlain is running a project called Lex Automagica, which is a tech stack automating legal processes.
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When a dispute happens, the law needs to confirm the identities of the people and things involved.
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Scott opines that routine disputes can be resolved using blockchain and smart contracts. The key problem to be solved is to differentiate the different types of legal problems,…
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Identifying a specific legal problem is the first step. Then the technology solution will be outlined.
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Sydney Ifergan, the Crypto Expert, tweeted: "Ripple XRP insights on Blockchain and Law is an interesting spotlight.
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Training and testing is a challenge when it comes to delivering justice using blockchain technology. Legal issues consist of complex negotiations.
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Artificial Intelligence (AI) should be trained to undertake one-side of the scenario. From the existing scenarios, future versions will take the data and use them for the…
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The very purpose of using AI in this process is to scale trust in the on-chain and off-chain membrane.
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While envisioning law as a platform, the current legal platform facilitates sorting matter by matter; however, when a digital law platform is used, end-to-end solutions.
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The transition will be from paper-based laws to digital laws, human lawyers and law firms to Robot lawyers, physical courts where the court is a place to court as a service,…
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