Technology Regulation 2.0?
This paper discusses future ways to regulate technology effectively in an ever accelerating speed of technological development. The current rate of response of legislation to technological evolution is unlikely to allow law keeping up pace with and responding to the needs of society for technology regulation. This is likely to create a rift between on one hand the perceived need of society for technology regulation and on the other, the ability of the legislative to deliver in line with expectations. While the demand for more technology regulation in unlikely to subside, self -regulatory means and tools are likely to increase in prominence, especially if combined with technology in terms of automation. Societal value could be developed in a way that allows legislation to retain its important role in meeting the need for greater control of the evolution of technology. The approach proposed in this paper could be of use to those involved in the governance, service provision or use of technology regulation.
KeywordsInformation technology strategy regulation cost benefit analysis standards policy soft law contracts
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