collabx / LegalComponents

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Postulate Web Components Supporting Data-Driven Rules Systems #5

Open dazzaji opened 9 years ago

dazzaji commented 9 years ago

How could specialized and tailored "Legal Components" enable more efficient, effective, fair and adaptive regulatory models for data-driven systems?

Examples and context: https://github.com/collabx/ComputationalLaw/wiki/Adaptive-Regulatory-Frameworks-and-Data-Driven-System

zmon commented 9 years ago

Thank you, XBRL is very interesting. Is there nothing similar for Legal Documents? There is the ongoing discussion about smart documents, but that is more about reuse of text to different audiences.

dazzaji commented 9 years ago

There was supposed to be LegalXML but that didn't take off. Also, it was literally and explicitly tied to "XML" but what is needed is something more neutral to a given technology, product or technical language implementation. If the content of a legal clause and how is displayed could be implemented in XML or JSON or a database and pass evaluations of both interoperability testing or performance conformance the it would be appropriate as a coninical legal standard commensurate Witt the FASB GAAP codification or SEC report filings in XBRL standard or other key legal tech standards. I'm aware of several well situated and block chain loyalist people who have materially different idea about the nature and function and goals and definitions and action plans for "smart" contracts and I don't have much to say about those. Regarding next steps for legal information technology it seems pretty obvious the top priority should be to establish workable documents (or perhaps instead of focus on paper oriented "documents" maybe the better focus wood be on legal "electronic records"). My own best guess is the best path to workable legal electronic records and electronic transactions is initially and directly through the literal extrapolation of web components (which are four things all together) and not through the alternative options.

The four things that web components are made of are: