Designing an Intelligent Contract with Communications and Risk Data

SN Computer Science, vol. 5

Abstract

Abstract Contract automation is a challenging topic within Artificial Intelligence and LegalTech. From digitised contracts via smart contracts, we are heading towards Intelligent Contracts (iContracts). We will address the main challenge of iContracts: the handling of communications and risk data in contract automation. Our Research Question reads: to what extent is it possible to develop an ontology that automates contracts with communications and risk data? The article designs and conceptualises an iContract ontology. Our findings validate the conceptual expressiveness of our ontology. A brief discussion highlights the value of the ontology design and its application domains. From the results, we may conclude that the current method is innovative and that further research is necessary for handling more complex use cases.

Authors 5

1. Georgios Stathis corresponding Aachen Institute of Tax Law and Economics eLaw Center for Law and Digital Technologies

   Leiden University

   Affiliation as printed

   Institute of Tax Law and Economics, Leiden University, Kamerlingh Onnes Building, Steenschuur 25, Leiden, 2311 ES, South Holland, The Netherlands

   eLaw - Centre for Law and Digital Technologies, Leiden University, Kamerlingh Onnes Building, Steenschuur 25, Leiden, 2311 ES, South Holland, The Netherlands

2. Athanasios Trantas

   Netherlands Organisation for Applied Scientific Research

   Affiliation as printed

   Unit Information Communication Technology, Strategy and Policy, TNO, New Babylon, Anna van Buerenplein 41a, the Hague, 2595 DA, South Holland, The Netherlands

3. Klaas Andries de Graaf

   Netherlands Organisation for Applied Scientific Research

   Affiliation as printed

   Unit Information Communication Technology, Strategy and Policy, TNO, New Babylon, Anna van Buerenplein 41a, the Hague, 2595 DA, South Holland, The Netherlands

4. Jan Adriaanse Aachen Institute of Tax Law and Economics

   Leiden University

   Affiliation as printed

   Institute of Tax Law and Economics, Leiden University, Kamerlingh Onnes Building, Steenschuur 25, Leiden, 2311 ES, South Holland, The Netherlands

5. H.J. van den Herik Aachen eLaw Center for Law and Digital Technologies

   Leiden University

   Affiliation as printed

   eLaw - Centre for Law and Digital Technologies, Leiden University, Kamerlingh Onnes Building, Steenschuur 25, Leiden, 2311 ES, South Holland, The Netherlands