Explainable Large Language Models & iContracts

Georgios Stathis

2024

Abstract

Contract automation is a field of LegalTech under Artificial Intelligence (AI) and Law that is currently undergoing a transition from Smart to Intelligent Contracts (iContracts). iContracts aim to full contracting automation. Their main challenge is finding a convincing direction for market adoption. Two powerful market factors are the advent of Large Language Models (LLMs) and AI Regulation. The article investigates how the two factors are able to influence the market adoption of iContracts. Our Research Question reads: to what extent is it possible to accelerate the adoption of Intelligent Contracts with Explainable Large Language Models? Following a literature review our research employs three methodologies: market gap analysis, case study, and application. The results show a clear way for iContracts to follow, based on existing market gaps. Moreover, they validate whether the application of Explainable LLMs is possible. The discussion clarifies the main limitations with Explainable LLMs. Our conclusion is that the two factors are impactful for so long as the market adoption attempts to bridge the gap between innovators and early adopters.

Paper Citation

in Harvard Style

Stathis G. (2024). Explainable Large Language Models & iContracts. In Proceedings of the 16th International Conference on Agents and Artificial Intelligence - Volume 3: ICAART; ISBN 978-989-758-680-4, SciTePress, pages 1378-1385. DOI: 10.5220/0012607400003636

in Bibtex Style

@conference{icaart24,
author={Georgios Stathis},
title={Explainable Large Language Models & iContracts},
booktitle={Proceedings of the 16th International Conference on Agents and Artificial Intelligence - Volume 3: ICAART},
year={2024},
pages={1378-1385},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012607400003636},
isbn={978-989-758-680-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 16th International Conference on Agents and Artificial Intelligence - Volume 3: ICAART
TI - Explainable Large Language Models & iContracts
SN - 978-989-758-680-4
AU - Stathis G.
PY - 2024
SP - 1378
EP - 1385
DO - 10.5220/0012607400003636
PB - SciTePress