Technology-Driven Legal Innovation: The Role of Smart Legal Solutions in Corporate Compliance and Governance

Quanquan Zhai

International Journal of Law, Ethics and Social Sciences, 2023, vol. 1, issue 1, 1-12

Abstract: With the rapid development of technologies such as artificial intelligence, big data, and blockchain, smart legal solutions are becoming essential tools for corporate compliance and governance management. These technology-driven legal solutions help organizations streamline operations, improve data analysis, and enhance compliance through automation, enabling businesses to operate efficiently in complex legal environments. This paper explores the applications of smart legal solutions in corporate compliance, contract management, risk management, and internal governance, while analyzing ethical issues such as data privacy, AI bias, and transparency. It further suggests best practices for implementing smart legal systems and proposes policies to ensure adherence to legal standards and ethical guidelines. Finally, the paper looks ahead to the future development of smart legal technologies, emphasizing the need to balance innovation with a focus on data privacy and fairness to ensure legal integrity in their use.

Keywords: smart legal solutions; Artificial Intelligence; big data; blockchain; compliance management; risk management (search for similar items in EconPapers)
Date: 2023
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