Regulatory Approaches for Guiding ICT Innovation: “The Age of Self-Regulation Has Ended”

Track:

Host:

Yohko Hatada

Place:

Hall B1

Time:

14:30 - 15:45 Friday

Perspective:

Business:

Legal:

Tech:

Society:

We will discuss regulatory approaches for guiding ICT innovation. The age of self-regulation has ended.

 

To secure global democracy and humanity development, building such purposed governance regulations for ICT innovation are the very 1st step – Evolution of symbiotic ecosystem of life – nonlife – information for all.  Effective Accountability of technology industry and its governance should be secured by legally binding hard law to evolve ecosystem of societal / institutional functions. International standards, certificates and governance framework must be built.

 

Following a year of unending parliamentary inquiries, congressional hearings and regulatory investigations against online platform companies, there is a growing consensus that the age of voluntary self-regulation has ended. At the same time however, the pressure for rapid innovation to keep up with international competition is showing no signs of demising.

What regulatory options are there for guiding the direction of ICT innovation in ways that will improve society?  In this session we explore regulatory approaches with an open mind, willing to consider and critique all forms of regulation.


Description:

As with much of the digital economy, the use of algorithmic systems is characterised by a high degree of cross-border and global reach of the services that are built on these technologies. To successfully govern algorithmic systems therefore requires global dialogue and collaboration across borders and among rich and poor countries to avoid a patchwork of country-specific or regional approaches.

 

The narrative of a “4th Industrial Revolution” with winner-takes-all dynamics however has led some to advance a narrative of an “AI arms race”. In such a hyper-competitive environment there are strong pressures to push for computational efficiency and functional performance of algorithmic systems at the expense of ethical considerations.

 

Without multilateral negotiation there is a risk that under these competitive conditions any regulatory intervention to mandate algorithmic accountability may be interpreted as protectionist interventionism intended to block market access by foreign companies. In the context of these global dynamics, proposals for new e-commerce trade agreements are being discussed at the WTO (and elsewhere, e.g. RCEP), which include clauses for Intellectual Property protection that would restrict access to information regarding proprietary algorithms.

 

International tensions also arise from the use of algorithmic systems for social media bots, micro-targeting of political ads and other interventions in the informational integrity of national electoral processes, as well as offensive cyber operations. In order to effectively respond to such interference without resorting to bilateral escalation of cyber operations, it is important to have a broad international community involved in publicly establishing methods and guidelines around attribution of such attacks and defining of proportionate responses.