For the average person it has often been best to consult a lawyer on legal matters yet this can prove lengthy, complicated, and costly. However, one company wants to change this by combining AI, blockchain, and zk-SNARK (Zero-Knowledge Succinct Non-interactive Argument of Knowledge) into one easy-to-use legal services platform with an AI legal assistant.
In this episode of TFiR: Let’s Talk About AI, Simon Reddig, Lead Blockchain Developer at VAIOT, talks about the current challenges in creating legal documents and how VAIOT is helping to secure them with blockchain technology. He goes on to talk about how VAIOT is helping make legal services more accessible to everyday people and gives us some insight into the available services and technology behind the platform.
Key highlights from this video interview are:
- VAIOT is merging AI, blockchain and zk-SNARKs into one to allow users to interact with legal services in a more seamless way. Reddig explains how their AI algorithms enable users to create legal documents through an AI assistant and to support the user afterward.
- Reddig talks us through what zk-SNARKs technology is, saying it allows people to prove something without showing it to a third party, such as, to prove that the blocks of the blockchain have been verified. He explains how VAIOT helps with transactions and enhances user privacy and security in their legal contracts.
- VAIOT’s platform is aiming to revolutionize the legal sector starting in one country and gradually expanding worldwide. Reddig discusses how VAIOT wants to make legal transactions and agreements cheaper and more reliable for people.
- Blockchain technology is still in its infancy and many projects still do not have real-world use cases or are aimed predominantly at the Web3 community. Reddig talks about how VAIOT’s approach is different, enabling people without a lot of blockchain knowledge to get started.
- Reddig discusses the risks of generative AI in the blockchain space, such as the possibility of creating deep fakes which could cause trouble from a legal perspective. He tells us what VAIOT is doing to tackle these potential risks.
- For very high-value contracts, human verification is still best. VAIOT will have lawyers on board who will be able to provide these verification services to ensure that no one is harmed in using their services.
- Reddig explains that the VAIOT platform is for everyone who needs assistance with legal matters. He talks about how users can leverage their platform, explaining the situation to the assistant which can provide a solution instantaneously. Alternatively, in extreme situations where this is not possible then you are connected to a real-time lawyer.
- Although there are many services baked into the platform such as legal document creation, proof of documents, and verification of identity, Reddig explains that in terms of what the user sees it is just a simple easy-to-use app.
- VAIOT is using a combination of machine learning and deep learning algorithms. Reddig discusses how they are being used for different aspects of the platform. He talks about how their proprietary algorithms work and how VAIOT is boosting them with other algorithms.
- VAIOT is initially starting geographically with one country, although Reddig is not able to share which just yet. He tells us that it is expected to be released very soon.
This summary was written by Emily Nicholls.