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CMS invests in innovative developments that influence our services as well as your enterprise. Even when we do not know what the outcome of the innovation will be. That is inherent in being an early adopter of innovations.

Blockchain
Nowadays it is almost impossible to read a newspaper that doesn’t contain an article on blockchain. Is blockchain a temporary hype, or are we at the dawn of big changes in the way we handle data? Maybe you wonder how blockchain works exactly, what the impact is and whether it can enrich your services. In short, blockchain is a special kind of database in which data can be stored safely and is accessible for everyone. By integrating cryptographic elements, so-called hashes, it is almost impossible to unilaterally make changes to these stored data. In this way a publicly accessible database is created, that everyone can read and in which everyone can write. A database that always guarantees the integrity of the data, without a third party being necessary to verify this, while currently this is often still necessary. This makes blockchain very reliable and transparant, and gives it the potential to support whole new industries and process models. You could visualise the adding of data to already registered data as beads that are being strung on a chain piece by piece.

Smart Contracts
The way in which blockchain registers data makes it possible to lay down agreements digitally and to automatically trigger certain consequences of an agreement or contract. This method of laying down agreements in a blockchain is called smart contracts, even though there is still some discussion on the exact definition of smart contracts. This way of using blockchain is still in its infancy, but can have added value in the future, for example because it can replace certain actions of intermediaries with digital processes. The parties that are developing smart contracts expect that this technique can substantially lower the (transaction) costs of these actions.

Dutch Blockchain Coalition
CMS has become a partner of the Dutch Blockchain Coalition (BC3), an initiative of the Technical University in Delft (TU Delft), TNO and the Ministry of Economic Affairs. This partnership enables us to be at the basis of the developments concerning blockchain in the Netherlands while learning. At the same time we offer BC3 our legal knowledge with the aim of fitting blockchain into (new) legislation. Sharing our knowledge with the other partners of BC3 and working on blockchain solutions for businesses in all industries bear all the ingredients of an educational journey, a journey of which we are happy to share the results with you.  

Artificial intelligence
CMS was the first law firm in the Netherlands that – together with technology firm ORTEC – experimented with artificial intelligence-tool IBM Watson. The pilot focused on the labor law topic 'transfer of undertakings' with the aim of researching what the added value of artificial intelligence ('AI') is in terms of quality, speed and effectiveness. The pilot led to valuable lessons learned. It provided us with further insight into the technological developments of AI and the application possibilities in the legal industry. We achieved relevant knowledge, which has made us an even better sparring partner for you when it comes to advising on and assisting with technological innovation.

CMS Legal Tech Academy
We want our lawyers to achieve in-depth knowledge of innovative developments that are relevant for our clients and for CMS. Knowledge of blockchain, smart contracts, AI, cyber security and other developments. Therefore we started the CMS Legal Tech Academy, where our lawyers learn everything about these technological subjects. The goal is to learn our lawyers how to work with these new developments, so that they can help improve your business.

More information? 
On this webpage we will keep you updated on what we know about technological developments. Would you like to know more? Please contact us. We would be happy to share our knowledge and experiences. 

31/01/2020
CMS re­leases pod­cast series on chal­lenges and busi­ness op­por­tun­it­ies in...
Cli­mate change, di­git­al trans­form­a­tion and in­creas­ing auto­ma­tion have trans­formed the world of busi­ness. With even more sig­ni­fic­ant changes on the ho­ri­zon, busi­nesses will have to ad­opt new, in­nov­at­ive strategies to suc­ceed in the mar­ket. With this in mind, many or­gan­isa­tions have already star­ted us­ing new tech­no­lo­gies and in­vest­ing in more sus­tain­able pro­cesses and in­nov­at­ive products and plat­forms.CMS is re­leas­ing a pod­cast series on chal­lenges and busi­ness op­por­tun­it­ies in the world of to­mor­row. The series, con­sist­ing of 4 epis­odes, in­cludes top speak­ers such as Wern­er Bau­mann (Chief Ex­ec­ut­ive Of­ficer of Bay­er), Oliv­er Bäte (Chief Ex­ec­ut­ive Of­ficer of Al­li­anz) and Laura Ru­das (Ex­ec­ut­ive Vice Pres­id­ent Strategy of Pa­lantir Tech­no­lo­gies).The pod­casts were re­cor­ded dur­ing the CMS Re­cep­tion in Da­v­os 2020, which was hos­ted in con­junc­tion with Ger­many’s lead­ing weekly news­pa­per Die Zeit. Epis­odes are sched­uled to re­lease every Wed­nes­day. Please vis­it your pod­cast chan­nel of choice and use the sub­scribe but­ton to be no­ti­fied every time we re­lease a new epis­ode.me­di­umme­di­umme­di­umme­di­umIn­tro­duc­tion by Pierre-Sé­bas­tien Thill (CMS)For the in­tro­duc­tion of this epis­ode we are joined by Pierre-Sé­bas­tien Thill, Chair­man at CMS. Look­ing at chal­lenges and busi­ness op­por­tun­it­ies in the world of to­mor­row, Thill con­cludes: “Busi­nesses are key to solv­ing our world’s cur­rent and fu­ture prob­lems. We at CMS have com­mit­ted ourselves to not only face the fu­ture, but also shape it to­geth­er with our cli­ents.”In­sights by Laura Ru­das (Pa­lantir Tech­no­lo­gies) Laura Ru­das, Ex­ec­ut­ive Vice Pres­id­ent Strategy at Pa­lantir Tech­no­lo­gies, shares how busi­nesses would make bet­ter de­cisions if they have a bet­ter un­der­stand­ing of their data. However, tech­no­logy also comes with its own set of chal­lenges. On is­sues around data pro­tec­tion, Laura Ru­das urges that we talk dif­fer­ently about data – in­stead of the risks of data, we should be con­cerned about the risks of not us­ing data.Im­pact of cli­mate act­iv­ism with Lu­isa NeubauerCli­mate act­iv­ist Lu­isa Neubauer shares her vis­ion on the cli­mate crisis. Ac­cord­ing to Neubauer, if we want to find a solu­tion to the cli­mate crisis, we “need people to act, to work to­geth­er, that’s the only way… we need very smart col­lab­or­a­tion, we need very smart solid­ar­ity, even.” She adds: “I wish we could find a more real­ist­ic way, a more ra­tion­al way to deal with the crisis situ­ation. The risk, sci­ent­ists say, is as high as it was when they were about to drop nuc­le­ar bombs – this is where we are. This is not be­ing apo­ca­lyptic but real­ist­ic.”Dis­cus­sion with Wern­er Bau­mann (Bay­er) and Oliv­er Bäte (Al­li­anz) The fi­nal pod­cast of the Da­v­os series in­cludes an ex­clus­ive dis­cus­sion with Wern­er Bau­mann (Chief Ex­ec­ut­ive Of­ficer of Bay­er) and Oliv­er Bäte (Chief Ex­ec­ut­ive Of­ficer of Al­li­anz). Look­ing at how busi­nesses can turn chal­lenges in­to op­por­tun­it­ies, Oliv­er Bäte speaks about how his com­pany works on find­ing a bal­ance between keep­ing tra­di­tions and val­ues, while still be­ing agile enough to com­pete in today's busi­ness en­vir­on­ment. Wern­er Bau­mann em­phas­ises the im­port­ance of en­gaged em­ploy­ees, adding that when things get tough and the com­pany faces chal­lenges, then people stand to­geth­er.  
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5/02/2020
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