Source: Cointelegraph
Original: “Regulating Emerging Technologies: A Comprehensive and Lasting Approach”
Views from: Dr. Merav Ozair
Today, technological development is advancing at lightning speed. We have surpassed Moore's Law—computing power doubling every six months instead of every two years—yet the relevant regulations have been lagging behind.
The EU AI Act will come into effect in August 2024, but it already seems outdated. It does not take into account AI agents and is still grappling with generative AI (GenAI) and foundational models. Article 28b was added in June 2023 due to the launch of ChatGPT at the end of 2022 and the booming deployment of chatbots. This content was not considered when legislators first drafted the bill in April 2021.
As we gradually enter the application of robotics and virtual reality devices, a “new AI architectural paradigm” will develop, addressing the limitations of generative AI and creating robots and virtual devices capable of reasoning about the world—something generative AI models cannot achieve. Perhaps it is not worth the time to draft new provisions for generative AI.
Moreover, existing technological regulations are quite fragmented. There are regulations for AI, such as the EU AI Act; regulations for Web3, like the Markets in Crypto-Assets Regulation; and regulations for digital information security, such as the EU Cybersecurity Act and the Digital Operational Resilience Act.
This fragmentation makes it difficult for users and businesses to keep up. Additionally, it does not align with the way solutions and products are developed. Each solution integrates multiple technologies, and each technological component has its own regulatory requirements.
Perhaps it is time to reconsider how we regulate technology.
A Comprehensive Regulatory Approach
Tech companies have been pushing the boundaries of cutting-edge technologies, including Web3, AI, quantum computing, and other yet-to-emerge technologies. Other industries are also following suit, experimenting with and implementing these technologies.
Everything is digital, and every product integrates multiple technologies. Take Apple Vision Pro or Meta Quest as examples. They encompass hardware, eyewear, AI, biometrics, cloud computing, cryptography, digital wallets, and more, and will soon integrate with Web3 technologies.
A comprehensive regulatory approach would be most suitable for several key reasons:
Systemic Solutions
Most solutions require the integration of various emerging technologies. If we have separate guidelines and regulations for each technology, how can we ensure that products/services comply with regulatory requirements? Where does one rule begin, and where does another end?
Separate guidelines may lead to more complexity, errors, and misunderstandings, ultimately being counterproductive. If the implementation of technology is comprehensive and inclusive, then its regulation should also be comprehensive.
Different Technologies Complement Each Other's Shortcomings
All technologies have their strengths and weaknesses, and often, the strengths of one technology can compensate for the weaknesses of another.
For example, AI can support Web3 by enhancing the accuracy and efficiency of smart contract execution and blockchain security monitoring. Conversely, blockchain technology can help achieve “responsible AI,” as blockchain provides what AI lacks—transparency, traceability, trustworthiness, and tamper-resistance.
When AI supports Web3, and vice versa, we achieve a comprehensive, secure, reliable, and trustworthy solution. Are these solutions compliant with AI or Web3? Under such solutions, compliance delineation becomes challenging. The solution should be compliant and adhere to all guidelines/policies. These guidelines/policies should cover all technologies and their integration.
Proactive Regulatory Approach
We need proactive regulation. Many regulatory proposals across regions seem to be reactions to the changes we know today, without deeply considering how to provide a framework for technological developments five or ten years down the line.
For instance, if we already know that a “new AI architectural paradigm” may emerge in the next five years, why not start thinking about how to regulate it today instead of five years from now? Or better yet, find a regulatory framework that applies to technological development.
Think about responsible innovation. In short, responsible innovation means allowing new technologies to serve society while not creating more problems than the ones they solve. In other words, “do good, do no harm.”
Principles of Responsible Innovation
The principles of responsible innovation should apply to all technologies, not just AI. These principles recognize that all technologies may have unintended consequences for users, bystanders, and society, and that the companies and developers creating these technologies have a responsibility to identify and mitigate these risks.
The principles of responsible innovation are comprehensive, international, and applicable to any technology that exists today, as well as to technologies that will develop in the future. This can serve as a foundation for technological regulation. But regardless of whether there is regulation, companies should understand that responsible innovation can build trust with users, which will translate into mainstream adoption.
Technology Truth Act
The Securities Act of 1933, also known as the “Truth in Securities Act,” aims to protect investors from fraud and misrepresentation, restoring public confidence in the stock market in response to the 1929 stock market crash.
The core of this act is honesty and transparency, which are fundamental elements for building public trust, whether in the stock market or in anything else.
This act has stood the test of time—a “evergreen” law. The securities trading and financial industry has become increasingly digital and technological, but the core principles of the act still apply and will continue to apply.
Based on the principles of responsible innovation, we can design a “Technology Truth Act” that will establish public trust in technology, applicable both now and in the future, on an international scale. Fundamentally, we want these products and services to be safe, reliable, ethical, privacy-protecting, accurate, understandable, auditable, transparent, and accountable. These values are international across regions, industries, and technological fields, and since technology knows no borders, regulation should not have borders either.
Innovation can create value, but it can also consume or destroy it. Regulation helps limit the latter two types of innovation, while good regulatory design may allow the first type of innovation to survive and thrive. Global cooperation may find ways to encourage innovation, thereby creating value for the global economy and society.
Perhaps it is time to propose a “Technology Truth Act”—an international, comprehensive, and lasting regulation to benefit global citizens.
Views from: Dr. Merav Ozair
Related: Decentralized Finance (DeFi) can help us filter the best robotic service solutions
This article is for general informational purposes only and should not be considered legal or investment advice. The views, thoughts, and opinions expressed in the article are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
