Artificial intelligence, blockchain and smart contracts, and what they mean for criminal law practice.
The short answer is no; AI will not replace criminal lawyers, but AI tools are becoming a part of daily legal work. They’re also useful for non-lawyers, as people can now ask large language models like ChatGPT legal questions to get a steer. But there’s much more to legal advice than a chatbot can provide. Criminal law requires human judgment, strategy, and […]
‘Smurfing’ is a money laundering technique by which criminals move large sums of money in a series of smaller transactions. By depositing smaller amounts separately, the criminal hope to avoid arousing suspicions that the money was acquired by nefarious means.
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Read More… from How will AI revolutionise the practice of law?
Smart contracts have been a theoretical possibility since the 1990s, but it’s only recently that their practical application is gaining traction. We look at how smart contracts function, and how they can be used in business today.
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Read More… from The evolution of smart contracts – technology bringing change
Typically, the legal profession is slow to take up new technology, so using blockchain in the legal world is not widespread. But there are potential uses that may become more popular in the near future.
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