Digitization blockchain technology and Artificial Intelligence (AI) are fundamentally changing
the fabric of societies influencing lawmaking legal scholarship and legal practice. The
authors of this volume investigate the real-world developments that can be observed in this
process how established legal doctrines are being challenged the regulatory issues societies
face as a result and how AI can be used in lawmaking and adjudication. By analyzing these four
interrelated areas the authors discuss conceptual issues of regulating AI examine the impact
of new technologies on commercial transactions and corporate governance investigate civil
liability rules for AI applications and explore key features and problems of digital dispute
resolution. A recurring theme is that although Law by Algorithm might massively increase
overall societal welfare it runs the significant risk of benefitting only a few. To make it
work for the good of all is a mammoth task - and one this volume hopes to contribute to. AI's
capabilities have made enormous recent leaps many expect it to transform how the economy
operates. In particular activities relying on human knowledge to create value insulated until
now from mechanisation are facing dramatic change. This is impacting the legal system in two
directions simultaneously: the automation of processes and the development of legal governance
for automation. Eidenmueller and Wagner here present a thought-provoking and insightful
treatment of a number of key issues that are engaged. It will be essential reading for lawyers
scholars and policymakers wishing to understand and participate in these developments. (John
Armour) AI has the potential for ground-breaking changes to our economy and society but also
to its private law framework. This book provides an extremely thought-provoking contribution to
the thinking towards the private law for the digital economy. (Dirk Staudenmayer)
