entity · derived
Automation
Derived node: assembled mechanically from the claims carrying automation. A roster, not an adjudicated definition.
Every claim under this term
- 2939127-009 : Legal Tech applications will soon perform most of the work junior lawyers do, and will do so without the human elements that produce imprecision, flaws, inaccuracies, potential lawsuits, and delay; ju
- 2959730-022 : Smart contracting on the blockchain often makes legal contracting unnecessary because smart contracts emulate the logic of legal contract clauses.
- 2959730-029 : Blockchain technology enables managers to charge per transaction fees, which undermines the existing 2/20 fee model, because it facilitates seamless and efficient calculation of management fees per tr
- 2959730-030 : Traditional per transaction fee models failed because settlement and calculation created a prohibitive amount of work that made such operations very difficult to execute; blockchain technology overcom
- 2959730-031 : Manual per transaction fee calculation and settlement is prone to human error, and these errors are removed through the use of blockchain technology.
- 2998033-002 : Smart contracting on blockchain platforms often makes legal contracting unnecessary, because smart contracts emulate the logic of legal contract clauses.
- 2998033-031 : LendingRobot can charge only a one percent management fee and a maximum 0.59 percent fund expense fee because its business model removes the investment adviser, overhead costs, and the legal fees atta
- 2998033-033 : Per transaction fee models were previously impractical because settlement and calculation created a prohibitive amount of manual work; blockchain removes that barrier by automatically allocating the c
- 3002908-018 : Smart contracting often makes legal contracting unnecessary, because smart contracts frequently emulate the logic of legal contract clauses.
- 3128900-022 : Validation experts could evolve from humans into smart contracts, which would allow validation itself to become automated.
- 3227933-017 : A smart contract is a computer program code or protocol that automates the verification, execution, and enforcement of specific terms and conditions of a contractual arrangement.
- 3227933-018 : Smart contracts will become more prevalent as the Internet of Things grows, because the more devices are connected to each other, the more smart contracts will be used to execute and enforce legal tra
- 3227967-013 : Junior legal professionals and legal support staff are the first casualties of the Legal Tech evolution, because applications will soon perform most junior lawyer work without the human elements that
- 3227967-015 : Contrary to commentators who predict the end of lawyers, the authors reject that claim but hold that lawyers of the future can only function as effective transaction engineers if they understand the p
- 3227967-024 : As software code automates procedures and tasks, the focus of knowledge work shifts from the routine application of procedures to designing the systems and standardized functions that machines then pe
- 3227967-025 : Law programs have been slow to adapt to these technological developments and most students are still being prepared for a hierarchical, centralized and proceduralized world.
- 3227967-041 : If standardized legal work and legal research can be performed by algorithms, the result is an opportunity rather than a threat, because it frees lawyer time for assisting clients with the new and ver
- 3405401-003 : Smart contracts make decentralized commerce between anonymous parties possible because they provide automated contracting that self executes and self regulates according to mathematical strictures.
- 3405401-006 : Automation in smart contracting reduces negotiation between counterparties to near minimal levels and removes almost all of the transaction costs typically associated with contracting.
- 3406323-030 : Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting self-executes and self-regulates according to mathematical strictures, removing the need for
- 3409548-003 : Current hedge fund trading technology is hard coded by humans, whereas deep learning systems can be given a simple command and derive a result from data on their own; this is the operative difference
- 3411110-012 : Transfer agents become unnecessary in blockchain based trading models because every function they perform, including maintaining the holding record, can be automated in code and is already produced by
- 3606663-027 : DeFi is more efficient than existing financial intermediation including FinTech, and that superior efficiency traces to its extensive reliance on code and automation, which removes large parts of the
- 3606663-031 : DeFi platform technologies often have limited product market fit because the reliance on code over human judgment produces products built around automation that ignore the human element in financial t
- 3782191-013 : Because information in decentralized systems is continuously outdated by a changing environment, decentralized governance must be autonomous and automated, able to evolve, mutate, and create new infor
- 3782198-027 : Contrary to the common engineering view that automated processes remove regulation, the purpose of smart contracts is to deliver much more fine grained regulation and more control, not less.
- 3782201-019 : The correct goal is not to eliminate the middlemen but to automate them, because unlike human middlemen automated middlemen can be designed so that they do not contribute to the corruption they were b
- 3782201-035 : The hope of most Web3 engineers that overhead institutions can be automated away until they vanish is largely misplaced, because business contracts are not getting simpler as technology becomes more s
- 3782205-019 : The executive policing functions of business and government should be automated through smart contracts in order to prevent corruption.
- 3782205-034 : Underwriting, like policing, can be decentralized and automated, which gives each network member the power to choose the level of security they require.
- 3782216-022 : The code that constitutes a decentralized exchange can create new risks to market integrity, because automation removes the human backstop in compliance, back office and settlement.
- 4900878-029 : DeFi protocols automate financial transactions through smart contracts, cutting out intermediaries and increasing transparency, and those same features let quantum economics build models that are self
- 4900880-018 : The de-skilling thesis, that new technologies invariably produce a smaller and less skilled workforce, is contradicted by research showing that firms often realize higher profitability when new techno
- 4900880-019 : Automation is more likely to transform jobs than to eliminate them outright, but the same transformation may widen inequality between workers and between workers and the owners of technology.
- 4900880-020 : About 60 percent of all occupations have at least 30 percent of their activities technically automatable with currently demonstrated technologies, so automation exposure is spread across most occupati
- 4900880-021 : Automation drives wage divergence: as routine tasks are automated, wages stagnate or fall for workers in exposed roles while wages rise for workers in high skill non routine jobs, which widens income
- 4900880-025 : Whether automation actually displaces employment turns on more than technical feasibility: technology costs, labor market dynamics, economic benefits, and regulatory and social acceptance all conditio
- 4900880-028 : Redistributive preferences are shaped by perceived exposure to automation: priming individuals to consider their own vulnerability to an automation shock shifts what redistribution they support.
- 4900880-038 : Compensation inside a DAO can be programmed to pay out automatically against predefined criteria such as task completion, performance metrics, or contribution, which cuts administrative overhead and m
- 5095633-024 : Smart contracts that release payment automatically once preset quality thresholds are met reduce human error, cut administrative overhead, and accelerate data-labeling cycles relative to intermediated
- 5886342-009 : Where the Codex or the applicable law is applied largely automatically, the human understanding of the rule prevails over the outcome produced by that automated application, so automated execution nev
- 5886342-041 : The Codex builds in an automated maintenance loop: each year an AI language model reviews the Codex and recommends outdated or unused rules for removal, subject to a vote of the Governing Council.
- 5886442-003 : Unlike prior automation waves, which merely accelerated human directed activity inside existing institutional frames, the AI-to-AI economy is an ontological break in which computation itself becomes t