The role of artificial intelligence in concluding commercial contracts through technology Block chain (Kuwait and UAE model)
AHMED ALDABOUSI
Commercial and Maritime Law - College of Law - American University in the Emirates
Abstract
Artificial intelligence has made significant echoes around the world, as well as a shake-up in the legal field, leading to a major shift in the provision of legal services, including the conclusion of e-commerce contracts, which the current Internet was the main means of concluding. Artificial intelligence and the tremendous development in the internet havealso ledto the emergence of so-called blockchain technology, through which information can be exchanged, contracts are concluded with a higher security and privacy system, suchas the conclusion of commercial contracts without the need for intermediary institutions. Block chaintechnology is oneof the technologies that has begun to challenge the futureof theInternet,helping to adapt technology to conduct electronic transactions more easily. On the one hand, and on the otherhand, it has helped to increase theeconomic savings of all sectors within many countries,including Kuwait and the UAE, which helps to strengthen their international reputation as a world leader in the field of technology, and to become a global leader in the field oftechnology, and to become He is also a leader in intelligent economy, which supports increased global business and competitiveness. Block chain hasmade significant breakthroughs in the contracting field, where we have emerged so-called smart contracts, which are contracts that are concluded through blockchaintechnology,which has become a challenge. For the traditional contract system, where contracts are made without the intervention of any human element, which helped to enter the artificial intelligence in the field of the conclusion of this type of contracts, in the form of the so-called intelligent agent. The smart agent technology is one ofthe fruits of research in the field of artificial intelligence, which is a combinationof IT and Artificial Intelligence programs, which theexisting andn is lookingto develop to become able tocommunicate with users, both directly and indirectly. Asmart agent is an object that can perceive the environmentin which it is located, through sensorsowned by this object, and then can respond to it by means of the mechanisms of implementation, or the swings and shape. The smart agent in the conclusion of smart contracts has qualities, including independence at work, the ability to communicate with others, and help, and initiative in the conclusion of contracts and implementation without reference tothe user every time,andtherefore this may raise many problems Legal: - Study questions: 1- Whatis blockchain technology? 2- Is blockchain technology a way to make smart commercial contracts? 3- How can AI act as an agent in the conclusion of blockchain commercial contracts? 4- What is the legal basis for the effectivenessof smart agent's actions in smart commercial contracts in the face of itsuser? 5- What is the fate of commercial contracts concluded bya smart agent viaBlock chaintechnology? 6- Is a smart agent just a communication tool that doesn't have a legalpersonality? Or can he be granted legal personality? 7- Is it possible to recognize the smart agent technology, in the conclusion of smart commercial contracts, the legal personality independent of its user? Search plan: Introductoryresearch: What is blockchain technology. First research: What are the commercial contracts concluded by the smart agent via blockchain technology. The secondtopic: the legal status of the smart agent in the conclusion of smart contractsand his legal responsibility.
Keywords
Block chain
