Regulation in Ecosystems 5 / 7

What is the need for regulations?

Ecosystems are constantly evolving. They need to be regulated for the safety of the customers and the society but the existing regulations cannot keep up with these developments. 

It faces challenges due to the following:

  • Innovators finding 'back doors' - Companies will find innovative ways to beat the competitors but it also has to be safe for the society as a whole

  • Ever increasing speed of change due to technology

  • Digital goods crossing lines of jurisdiction - Rules are needed to identify which authority has jurisdiction.

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