Practice Area: Others
Training Category: General
Public CPD Points: 12
Participants who wish to claim CPD Points must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, participants are reminded to sign in on arrival and sign out at the conclusion of each day of the event in the manner required by the organiser. Participants must not be absent from each day of the event for more than 15 minutes. Participants may obtain 6 Public CPD Points for each day of the event on which they comply strictly with the Attendance Policy. Participants who do not comply with the Attendance Policy on any particular day of the event will not be able to obtain CPD Points for that day. Please refer to http://www.sileCPDcentre.sg for more information.
9H00 - 9H15
DAY 1 Opening REMARKS
Speech: "Smart Regulation Amid Technological Disruption"
Minister-in-Charge of the
Smart Nation Initiative, Singapore
9H15 - 10H00
Smart contracts and blockchains are an evolving technology considered to be in early adoption. While smart contracts have achieved great things in the world of business so far, the tech innovations that are still to corne will have revolutionary effects on privacy, security, immutability and enforceability in tech law. Blockchain technology has many obstacles to overcome to achieve this mainstream adoption.
The underlying technology of the Ethereum blockchain does not have the scalability to handle the world's current business needs. The process of creating smart contracts on the Ethereum platform requires technical knowledge and constant rethinking to keep up with the changing pace of international business. Ashton Addison will be sharing how this magnificent technology when it reaches its potential may not only reshape how lawyers approach tech, it may revolutionize how companies are incorporated, raise capital, distribute assets and conduct business domestically and internationally.
10h 00 - Teabreak
10h30 - 12h00
Smart Regulation for a Smart Nation
This panel will feature a range of perspectives on, and approaches to, the regulation of emerging technologies and technological innovation. What types of mindsets and actions do governments and policy-makers need to adopt in order to create spaces for experimentation while protecting against exploitation? What are the thoughts of the technology creators on regulations and what are their experiences on such regulations in different jurisdictions?
These questions will be critically discussed by panellists from the public and private sector, with reference to case studies from a range of industries and jurisdictions. Traditional regulatory mechanisms such as individual and class licenses will be examined for their relevance and limitations. The Singapore Fintech experience will guide discussion about the desirability and challenges of regulatory sandboxes. Forms of ex ante regulatory clearance and industry codes of conduct and best practices will also be explored as more agile and community-driven alternatives to hard regulation. The session will conclude with a distillation of key characteristics and considerations of a smart approach to regulation in a digital age.
Zee Kin Yeong
Assistant Chief Executive (Personal
Data Protection Commission)
Infocomm Media Development
12h00 - Lunch
13h30 - 15h00
Regulating Intelligent Systems
What is artificial intelligence (AI) and to what extent does the deployment of the technology challenge existing legal and regulatory frameworks? This panel grapples with the tricky issue of whether new forms of laws and regulations are required for the regulation of technologies which have degrees of autonomous function such as driverless cars, technology-assisted document review, recidivism profiling systems, sentencing and case outcome prediction systems, chat-bot customer service, robot care-givers and other services and products which rely on autonomous decision-making made possible by cognitive computing. Is the regulation of AI desired or even possible, and should regulation be outcomes-focused and technology neutral, addressing the effects of the technology rather than the AI itself?
Might it be possible to conceive an approach to AI regulation that is analogous to Asimov’s Three Laws of Robotics and what would the contents of such universal principles look like? In all of this, what are the ethical considerations which would guide the actions of the human individuals creating and using such intelligent systems? This session will attempt to appreciate the challenges of responding to these questions from both the maker and the regulator perspectives.
Head of Legal, Southeast Asia
and India Legal Partnerships
Senior Partner, Head of the Commercial
and Regulatory Group
King Mallesons Woods Beijing
15h00 - Teabreak
15h30 - 17h00
The Power and Pitfalls of Smart Contracts
Way beyond Bitcoin and demonstrating a continued thirst for decentralisation, transparency and trust, is a larger wave overtaking the way businesses are interacting with their customers and other businesses, and managing their transactions, exemplified by the emergence of smart contracts in the forms of Decentralised Autonomous Organisations (DAOs), Initial Coin Offerings (ICOs) and Token Generating Events (TGEs).
Why are smart contracts taking the world by storm? When does a contract become "smart" and what makes for a "smart contract"? How are regulators keeping up with and how should they regulate smart contracts, if at all? Is the law adequately developed to address the challenges posed by smart contracts and serve their growing needs? With blockchain hitting the mainstream, and unleashing a seemingly limitless potential for smart contracts and their wide-ranging application across myriad industries, a closer study of what all this means for businesses , regulators, judges and lawyers, is timely. The revolution cuts across technology to the handling of contractual rights and obligations, contractual disputes, cross-border contract negotiation and conclusion, and how contract value is defined in non-fiat financial terms. This panel takes a deconstructed look at what has happened in recent times in this space, and a conspectus of what lies ahead.
17h00 - 18h00
DAY 1 CLOSING KEYNotE
SPONSORING / EXHIBItION :
Business Development Manager - SINGAPORE
DID : +65 6265 9190 I Mobile +65 9295 0583
‘TECH OF LAW EXCHANGE’ SPEAKING ENGAGEMENTS :
Conference Manager - SINGAPORE
DID : +65 6265 3532 I Mobile +65 8116 4877
An Event organised by :
Supported by :