综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Technology

'Legaltech' growth promises big gains

By Zheng Yiran | China Daily | Updated: 2017-08-21 07:55

If technology used to improve financial services is called fintech, you may be forgiven for coining the term "legaltech" to describe technology used to give legal services the 21st century touch.

Rapid development of artificial intelligence or AI and business-friendly government policies are helping modernize China's legal services, said Liu Yan, a domain expert, at a recent forum in Hangzhou, Zhejiang province.

In fact, China will likely become the market leader soon, said Liu, who is also the marketing director of Shanghai Bestone Information & Technology Co Ltd, an internet-based company specializing in the application of information technology or IT in legal services.

AI is having a positive impact on legaltech, whose future was shrouded in doubt until recently, said Richard Susskind, IT Adviser to the Lord Chief Justice of England and Wales.

Innovations, such as legal robots, can share some of the workload of lawyers, freeing up the latter to focus on more sophisticated work.

Liu said, "The market size of China's AI-assisted legal industry was 80 billion yuan ($12 billion) in sales in 2016. It's estimated that the market is expected to reach 500 billion yuan ($74 billion) in the coming decade, which means (there is) great potential for growth."

In China, AI has been applied in various aspects of legal services already.

For example, speech recognition technology serves note-takers to record court proceedings much more efficiently and accurately.

Blockchain technology offers electronic evidence to help shape judgments.

On July 20, the State Council, China's Cabinet, issued a guideline on the development of AI.

The same month, Zhang Jun, minister of justice, highlighted in a speech the need for establishing a unified legal service network using IT.

The Supreme People's Court also underlined the use of AI in courtroom trials.

He Fan, an official at the Supreme People's Court, said: "AI plays an important role in shaping the future development of the work in the courts. In the past, judges made their judgments based on their own understanding (of the law), while now they can refer to the law database to find an answer or confirm their decisions."

According to Shanghai Bestone Information & Technology, there are now more than 100 legaltech companies in China.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
垫江县| 额济纳旗| 府谷县| 襄汾县| 襄城县| 吉木乃县| 揭东县| 潍坊市| 介休市| 五指山市| 仙居县| 舞钢市| 册亨县| 清新县| 甘洛县| 蕉岭县| 资中县| 丹巴县| 南昌县| 若羌县| 蓬莱市| 红河县| 岳阳市| 扎兰屯市| 油尖旺区| 玉林市| 军事| 临泉县| 巩义市| 宁乡县| 普安县| 林周县| 泽库县| 汽车| 屯门区| 兖州市| 莆田市| 綦江县| 八宿县| 永登县| 哈巴河县|