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Algorithms and the Law

Join Jeremy Barnett at his seminar on 9th October 'Algorithms and the Law'. The impact of algorithms on the Legal profession, the need to formally regulate and the emergence of algorithms as artificial persons.

In Law a company is treated as having the rights and obligations of a person. In this era of Artificial Intelligence (intelligent assistants, ‘Robo’-advisors, robots, and autonomous vehicles) ‘algorithms’ are rapidly emerging as artificial persons: a legal entity that is not a human being but for certain purposes is considered by virtue of statute to be a natural person. Intelligent algorithms will increasing require formal training, testing, verification, certification, regulation, insurance, and most importantly status in law.

For example, already in financial services Regulators require firms to demonstrate that trading algorithms have been thoroughly tested, demonstrate ‘best execution’ and are not engaged in market manipulation. Other interesting cases are healthcare algorithms; medical-assistant’ Chatbots and patient screening systems which will increasingly dispense medical advice and treatments to patients. Regulators, who have traditionally regulated firms and individuals, are raising the status of ‘algorithms’ to ‘persons’.

On the 9th October Jeremy Barnett, counsel from St Pauls Chambers will deliver a seminar to BARAC (Blockchain technology for Algorithmic Regulation And Compliance) London School of Economics, London WC2A 2AE.  The seminar is titled, Algorithms and the Law.

Jeremy is a Director of the Construction Blockchain Consortium (CBC) at UCL and has conducted research into algorithmic dispute resolution and the law of algorithms over a number of years. He has been involved in writing 2 papers with Professor Trelevan at UCL.  This paper discusses the emergence of ‘Algorithms as artificial persons’, with the need to formally verify, certify and regulate algorithms. Its aim is to start discussion in the Legal profession regarding the legal impact of algorithms on firms, software developers, insurers, and lawyers. This paper is written with the expectation that the reader is familiar with ‘Law’ but has a limited knowledge of algorithm technologies.

Continue the discussion with Jeremy at his seminar at the London School of Economics on 9th October at 1pm. 

For those wishing to attend the event there is no need to register. http://www.systemicrisk.ac.uk/seminars/jeremy-barnett

Another event you may be interested in following is the Blockchain Solutions Forum in Barcelona 3 - 5 October 2017. Jeremy Barnett will also join the speakers at this event http://www.blockchainsolutionsforum.com/#team

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