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July 22, 2009

Contract by Computer

A team of European researchers have created a set of computer algorithms which will effectively validate e-business contractual agreements. The Contract Project is part of a European Union-funded project to develop computer systems which will verify and monitor contracts. The verification process will test for conflicts between the existing contracts for an individual or organization and the terms of new contracts that are about to be entered. The process can also check for conditions that will impact contract fulfillment.

The tools and libraries for checking contracts have been made available to the public. Real-life case studies were used to test the systems. One of the case studies monitored the commitments of students and lecturers in a Czech educational institute. Research partner Fujitsu will participate in a future case study which will track and manage contracts for custom software.

Posted by BlogAuthor1 at July 22, 2009 6:08 PM
category: Artificial Invention

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