{"id":124774,"date":"2025-03-10T15:15:48","date_gmt":"2025-03-10T15:15:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124774"},"modified":"2025-03-10T15:15:48","modified_gmt":"2025-03-10T15:15:48","slug":"emerging-technology-regulations-a-comprehensive-evergreen-approach","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124774","title":{"rendered":"Emerging technology regulations: a comprehensive, evergreen approach"},"content":{"rendered":"

Source: Cointelegraph.com NewsOpinion by: Merav Ozair, PhD
\nTechnology is advancing at the speed of light today more than ever. We have surpassed Moore\u2019s law \u2014 computational power is doubling every six months rather than every two years \u2014 while regulations are, and have been, playing catchup.
\nThe EU Artificial Intelligence Act just came into force in August 2024 and is already falling behind. It did not consider AI agents and is still wrestling with generative AI (GenAI) and foundation models. Article 28b was added to the act in June 2023 after the launch of ChatGPT at the end of 2022 and the flourishing of chatbot deployments. It was not on their radar when lawmakers initially drafted the act in April 2021.
\nAs we move more into robotics and the use of virtual reality devices, a \u201cnew paradigm of AI architectures\u201d will be developed, addressing the limitations of GenAI to create robots and virtual devices that can reason the world, unlike GenAI models. Maybe spending time drafting a new article on GenAI was not time well spent.
\nFurthermore, technology regulations are quite dichotomized. There are regulations on AI, like the EU AI Act; Web3, like Markets in Crypto-Assets; and the security of digital information, like the EU Cybersecurity Act and The Digital Operational Resilience Act.
\nThis dichotomy is cumbersome for users and businesses to follow. Moreover, it does not align with how solutions and products are developed. Every solution integrates many technologies, while each technology component has separate regulations.
\nIt might be time to reconsider the way we regulate technology.
\nA comprehensive approach
\nTech companies have been pushing the boundaries with cutting-edge technologies, including Web3, AI, quantum computing and others yet to emerge. Other industries are following suit in the experimentation and implementation of these technologies.\u00a0
\nEverything is digital, and every product integrates several technologies. Think of the Apple Vision Pro or Meta Quest. They have hardware, goggles, AI, biometric technology, cloud computing, cryptography, digital wallets and more, and they will soon be integrated with Web3 technology.
\nA comprehensive approach to regulation would be the most suitable approach for the following principal reasons.
\nA full-system solution
\nMost, if not all, solutions require the integration of several emerging technologies. If we have separate guidelines and regulations for each technology, how could we ensure the product\/service is compliant? Where does one rule start and the other end?\u00a0
\nRecent: Animoca Brands revenue climbs as AI cuts costs by 12%
\nSeparate guidelines would probably introduce more complexity, errors and misinterpretations, which eventually might result in more harm than good. If the implementation of technologies is all-encompassing and comprehensive, the approach to regulating it should also be.
\nDifferent technologies support each other\u2019s weaknesses
\nAll technologies have strengths and weaknesses, and often, the strengths of one technology can support the shortcomings of the other.
\nFor example, AI can support Web3 by enhancing the accuracy and efficiency of smart contract execution and blockchain security and monitoring. In contrast, blockchain technology can assist in manifesting \u201cresponsible AI,\u201d as blockchain is everything that AI is not \u2014 transparent, traceable, trustworthy and tamper-free.
\nWhen AI supports Web3 and vice versa, we implement a comprehensive, safe, secure and trustworthy solution. Would these solutions be AI-compliant or Web3-compliant? With this solution, it would be challenging to dichotomize compliance. The solution should be compliant and adhere to all guidelines\/policies. It would be best if these guidelines\/policies encompass all technologies, including their integration.
\nA proactive approach
\nWe need proactive regulation. Many of the regulation proposals, across all regions, seem to be reactions to changes we know about today and don\u2019t go far enough in thinking about how to provide frameworks for what might come five or 10 years down the line.\u00a0
\nIf, for example, we already know that there will be a \u201cnew paradigm of AI architectures,\u201d probably in the next five years, then why not start thinking today, not in 5 years, how to regulate it? Or better yet, find a regulatory framework that would apply no matter how technology evolves.
\nThink about responsible innovation. Responsible innovation, simplistically, means making new technologies work for society without causing more problems than they solve. In other words: \u201cDo good, do no harm.\u201d
\nResponsible innovation
\nResponsible innovation principles are designed to span all technologies, not just AI. These principles recognize that all technologies can have unintended consequences on users, bystanders and society, and that it is the responsibility of the companies and developers creating those technologies to identify and mitigate those risks.
\nResponsible innovation principles are overarching and international and apply to any technology that exists today and will evolve in the future. This could be the basis for technology regulation. Still, companies, regardless of regulation, should understand that innovating responsibly instills trust in users, which will translate to mainstream adoption.
\nTruth in Technology Act
\nThe Securities Act of 1933, also known as the \u201ctruth in securities\u201d law, was created to protect investors from fraud and misrepresentation and restore public confidence in the stock market as a response to the stock market crash of 1929.\u00a0
\nAt the core of the act lie honesty and transparency, the essential ingredients to instill public trust in the stock market, or in anything for that matter.\u00a0
\nThis act has withstood the test of time \u2014 an \u201cevergreen\u201d law. Securities trading and the financial industry have become more digital and more technological, but the core principles of this act still apply and will continue to.
\n\u00a0Based on the principles of responsible innovation, we could design a \u201cTruth in Technology Act,\u201d which would instill public trust in technology, internationally, now and in the future. Fundamentally, we seek these products and services to be safe, secure, ethical, privacy-preserving, accurate, easy to understand, auditable, transparent and accountable. These values are international across regions, industries and technologies, and since technology knows no boundaries, neither should regulations.
\nInnovation may create value, but it may also extract or destroy it. Regulation helps limit the latter two types of innovation, while well-designed regulation may enable the first kind to survive and flourish. A global collaboration may find ways to incentivize innovation that creates value for the good of the global economy and society.
\nIt might be time for a Truth in Technology Act \u2014 an international, comprehensive, evergreen regulation for the good of the citizens of the world.
\nOpinion by: Merav Ozair, PhD.
\nThis article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsOpinion by: Merav Ozair, PhD Technology is advancing at the speed of light today more than ever. We have surpassed Moore\u2019s law \u2014 computational power is doubling every… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124774"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124774"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124774\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124774"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}