The Social Impact of Technological Innovation in Europe

Year 2021, Volume: 2 Issue: 2, 14 - 21, 31.12.2021

Afolabi Akaçi

Abstract

The current digital transformation is due to the exponential development of technology being successfully implemented in all strata of society. The new technological age is built on countless innovations and countless changes. In some cases, as with blockchain, its hostile approach to centralized systems has many legal and governance implications, while laying the foundations for change or the emergence of business models in the economic realm and different management models in the administrative and organizational realm. Mandatory changes were made in many areas such as companies and public administration. Likewise, robotization and artificial intelligence are particularly important technological developments because of their controversial impact on businesses and their growing demand today. In this context, the legislator is faced with the reorganization of the markets and sanctions. Technology, Law and Economy, as inseparable fields, their interaction is increasing day by day.

Keywords

Digital transformation, blockchain, artificial intelligence

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