The EU Commission is launching a survey on AI and smart contracts. The commission is looking into novel forms of contracting, made possible by smart contracts and artificial intelligence (AI), the economic relevance of the use of such technologies for a successful transition to a digital economy, and potential problems for businesses and other interested parties.
Enterprise Europe Brussels invites Brussels companies to answer this consultation.
What does this consultation explore?
– The use of AI solutions for contracting, where software using AI are involved in contracting by, for example, drafting, reviewing, signing or executing contracts, or by concluding contracts for legal and natural persons.
– The use of smart legal contracts, which are legally binding contracts in which either some or all the associated terms, conditions and rights under the contract are defined in and/or performed by code execution by means of blockchain or distributed ledger technology (DLT).
This consultation is addressed to companies. It will help make policies to address the market uptake and existing barriers to fully capitalize on the advantages of these technologies.
