Innovation through emerging technologies leads modern world to an unprecedent digital
revolution and the subsequent radical transformation of modern societal and economic life. The
newly evolved Digital Economy, which refers to a broad range of economic activities that use
digitized information and knowledge as key factors of production, by means of electronic
platforms, cloud computing, the Internet and other new digital technologies, and which is based
on the interconnectedness of people, organization, and machines, emerged and flourished over
the last decades. However, as the Data Driven Economy is emerging at a point of inflection,
disruption of conventional societal and economic systems constitutes the predominant route in
the progress of globalization, introducing not only a plethora of new opportunities of economic
relations and growth but also an array of novel legal questions, regulatory implications and
ethical intricacies. The enhanced speed and pervasiveness of information flows, the automation
of digital economic tools, the establishment of new decentralized systems or self-executed
economic transactions, as well as the respective risks of cybersecurity, digital privacy, trust and
liability, pose questions to modern legislators and regulators. The establishment and dominance
of technological tools and algorithms in modern life, challenge the traditional notion of Law and
call for a review and understanding of cyberspace and further of digital economy. Within this
framework, the notion of Law is thrown into question, constituting a point of controversy with
regard to its adequacy and promptitude to address digital economy and its unprecedent disruptive
features. The need for a comprehensive and harmonized legal response to the Digital Economy,
constitutes crucial precondition that would contribute to the flourishing engagement of the law
with the new promising digital era and its innovative opportunities. The vision and realization of
such legal and regulatory framework would require an extensive and diffusive coordination and
cooperation of the Law with the emerging technologies. The creation and development of the
appropriate technological tools to support regulation and its enforcement as well as the better
understanding by regulators of the emerging technological environment, constitute primary
considerations, necessary conditions and unceasing challenges in order for the digital world and
Digital Economy to be fully integrated and utilized in modern economic life. The quest,
however, for an appropriate legal and regulatory reform and transformation, remains.
Collections
Show Collections
