What technology development will create the most legal change in the jurisdiction?
In April 2017, the Cabinet of Minister approved a draft of the National Strategy to promote blockchain technology. It is expected that blockchain technology and smart contracts will be adopted in various government departments and regulatory authorities. Furthermore, the Prime Minister has also hinted that it is the intention of the government to look at Bitcoin and other cryptocurrencies with an open mind. It is envisaged that, if the National Strategy is adopted, this will create a number of legal changes throughout all sectors across the board, but particularly to the Fintech sector.
Artificial intelligence as a means of analysing Big Data or providing services that applies machine learning will greatly affect the Norwegian legal system and necessitate a significant number of changes with regard to liability and the assignment of rights and obligations. For instance, Norwegian law would have to be amended in order to solve legal issues concerning the allocation of intellectual property rights of AI created intellectual property, product liability of autonomous vehicles or robots, smart contract management and the certification and liability of medical and health care diagnostics and procedures conducted by AI and robots, inter alia.
The use of Artificial Intelligence will create the most legal change in Turkey as there is currently no legislation which deal with AI. We believe we will see the first impact with self-driving cars and driver assistance systems.