Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations

Denisa Reshef Kera

doi:10.1007/978-3-030-75107-4_3

Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations

Denisa Reshef Kera

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

1 Scopus citations

Abstract

To explore participatory and experimental engagements with algorithmic governance, we developed and tested a sandbox for near-future blockchain and satellite services (Lithopy). The article summarizes the insights from the final two 2020 workshops with 59 participants deciding on how to regulate a discriminatory blockchain smart contract. The participants expressed a preference for hybrid forms of off-chain and on-chain governance that uses industry standards and audits to prevent biases and excesses. The sandbox environment increases the trust in a system through design and policy iterations that probe issues of power, stakes, and interests without compromising on innovation.

Original language	English
Title of host publication	EAI/Springer Innovations in Communication and Computing
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	67-84
Number of pages	18
DOIs	https://doi.org/10.1007/978-3-030-75107-4_3
State	Published - 2021
Externally published	Yes

Publication series

Name	EAI/Springer Innovations in Communication and Computing
ISSN (Print)	2522-8595
ISSN (Electronic)	2522-8609

Bibliographical note

Funding Information:
This work was supported by the SmartState Program (Translational Biomedical Informatics Chair Endowment), SC Research Centers for Economic Excellence. (SMM).

Publisher Copyright:
© 2021, Springer Nature Switzerland AG.

Keywords

Blockchain
Distributed ledger
Regulation
Sandboxes
Trust

Access to Document

10.1007/978-3-030-75107-4_3

Cite this

@inbook{46801103e6e04088b2c62509ecf9d4ba,

title = "Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations",

abstract = "To explore participatory and experimental engagements with algorithmic governance, we developed and tested a sandbox for near-future blockchain and satellite services (Lithopy). The article summarizes the insights from the final two 2020 workshops with 59 participants deciding on how to regulate a discriminatory blockchain smart contract. The participants expressed a preference for hybrid forms of off-chain and on-chain governance that uses industry standards and audits to prevent biases and excesses. The sandbox environment increases the trust in a system through design and policy iterations that probe issues of power, stakes, and interests without compromising on innovation.",

keywords = "Blockchain, Distributed ledger, Regulation, Sandboxes, Trust",

author = "Kera, {Denisa Reshef}",

note = "Publisher Copyright: {\textcopyright} 2021, Springer Nature Switzerland AG.",

year = "2021",

doi = "10.1007/978-3-030-75107-4_3",

language = "אנגלית",

series = "EAI/Springer Innovations in Communication and Computing",

publisher = "Springer Science and Business Media Deutschland GmbH",

pages = "67--84",

booktitle = "EAI/Springer Innovations in Communication and Computing",

address = "גרמניה",

}

Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations. / Kera, Denisa Reshef.
EAI/Springer Innovations in Communication and Computing. Springer Science and Business Media Deutschland GmbH, 2021. p. 67-84 (EAI/Springer Innovations in Communication and Computing).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

TY - CHAP

T1 - Exploratory RegTech

T2 - Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations

AU - Kera, Denisa Reshef

PY - 2021

Y1 - 2021

N2 - To explore participatory and experimental engagements with algorithmic governance, we developed and tested a sandbox for near-future blockchain and satellite services (Lithopy). The article summarizes the insights from the final two 2020 workshops with 59 participants deciding on how to regulate a discriminatory blockchain smart contract. The participants expressed a preference for hybrid forms of off-chain and on-chain governance that uses industry standards and audits to prevent biases and excesses. The sandbox environment increases the trust in a system through design and policy iterations that probe issues of power, stakes, and interests without compromising on innovation.

AB - To explore participatory and experimental engagements with algorithmic governance, we developed and tested a sandbox for near-future blockchain and satellite services (Lithopy). The article summarizes the insights from the final two 2020 workshops with 59 participants deciding on how to regulate a discriminatory blockchain smart contract. The participants expressed a preference for hybrid forms of off-chain and on-chain governance that uses industry standards and audits to prevent biases and excesses. The sandbox environment increases the trust in a system through design and policy iterations that probe issues of power, stakes, and interests without compromising on innovation.

KW - Blockchain

KW - Distributed ledger

KW - Regulation

KW - Sandboxes

KW - Trust

UR - http://www.scopus.com/inward/record.url?scp=85118127629&partnerID=8YFLogxK

U2 - 10.1007/978-3-030-75107-4_3

DO - 10.1007/978-3-030-75107-4_3

M3 - ???researchoutput.researchoutputtypes.contributiontobookanthology.chapter???

AN - SCOPUS:85118127629

T3 - EAI/Springer Innovations in Communication and Computing

SP - 67

EP - 84

BT - EAI/Springer Innovations in Communication and Computing

PB - Springer Science and Business Media Deutschland GmbH

ER -

Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations

Abstract

Publication series

Bibliographical note

Keywords

Access to Document

Other files and links

Fingerprint

Cite this