<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This article participates in mapping existing legal implications stemming from contemporary innovation. The article relies on a case analysis of artificial intelligence, drones and blockchain, to reflect a majority of the underlying legal issues to which many emerging innovations might contribute, and it attempts to map them into different categories of challenges – liability, privacy, and property. It concludes by pinpointing three main reasons behind the identified legal implications: the growing “consciousness” and autonomy of emerging technologies, the growing availability of transformative innovations to the broad public and the development of participatory models in economy and other social spheres, including law, and the tendency for transformative innovations to function in regulatory uncertainty. As a means to cope with challenges generated by technological progress, the article leans towards a process-focused approach that promotes embedding values in the early stages of technological development.</p></abstract>

This article participates in mapping existing legal implications stemming from contemporary innovation. The article relies on a case analysis of artificial intelligence, drones and blockchain, to reflect a majority of the underlying legal issues to which many emerging innovations might contribute, and it attempts to map them into different categories of challenges – liability, privacy, and property. It concludes by pinpointing three main reasons behind the identified legal implications: the growing “consciousness” and autonomy of emerging technologies, the growing availability of transformative innovations to the broad public and the development of participatory models in economy and other social spheres, including law, and the tendency for transformative innovations to function in regulatory uncertainty. As a means to cope with challenges generated by technological progress, the article leans towards a process-focused approach that promotes embedding values in the early stages of technological development.

Rethinking the Implications of Transformative Economic Innovations: Mapping Challenges of Private Law

Baltic Journal of Law & Politics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This article participates in mapping existing legal implications stemming from contemporary innovation. The article relies on a case analysis of artificial...

Rethinking the Implications of Transformative Economic Innovations: Mapping Challenges of Private Law

Published Online: Mar 12, 2020

Page range: 47 - 77

Received: Apr 30, 2019

Accepted: Dec 20, 2019

DOI: https://doi.org/10.2478/bjlp-2019-0011

Keywords
Transformative innovation, artificial intelligence, blockchain, drones, private law, privacy, liability, property

© 2019 Julija Kiršienė et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Rethinking the Implications of Transformative Economic Innovations: Mapping Challenges of Private Law

Published Online: Mar 12, 2020

Page range: 47 - 77

Received: Apr 30, 2019

Accepted: Dec 20, 2019

DOI: https://doi.org/10.2478/bjlp-2019-0011

KeywordsTransformative innovation, artificial intelligence, blockchain, drones, private law, privacy, liability, property

© 2019 Julija Kiršienė et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Transformative innovation, artificial intelligence, blockchain, drones, private law, privacy, liability, property