Singapore’s government has pledged $10.8m towards a legal tech research programme to digitise laws, rules and agreements in the city state. The grant has been awarded to The Singapore Management University’s (SMU’s) School of Law and will be used to set up a new Centre for Computational Law (CCL).
The SMU said a five-year research programme would focus on the development of “‘smart’ contracts and ‘smart’ statutes, starting with the design and implementation of a domain-specific programming language that allows for laws, rules and agreements to be expressed in code”.
The announcement of the project comes hard on the heels of the launch of the Centre for Technology, Robotics, Artificial Intelligence and The Law by the National University of Singapore Faculty of Law (NUS Law) and further positions Singapore to become a leading hub for the $16 billion global legal tech market.
Considerable private sector involvement is also promised.
Wong Meng Weng and Alexis Chun, the co-founders of the Singapore-based legal tech startup Legalese, have joined the university as principal research fellow and industry director respectively. The grant was provided by the National Research Foundation Singapore, a department within the Prime Minister’s Office.