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

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-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 languageEnglish
Title of host publicationEAI/Springer Innovations in Communication and Computing
PublisherSpringer Science and Business Media Deutschland GmbH
Pages67-84
Number of pages18
DOIs
StatePublished - 2021
Externally publishedYes

Publication series

NameEAI/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

Fingerprint

Dive into the research topics of 'Exploratory RegTech: Sandboxes Supporting Trust by Balancing Regulation of Algorithms with Automation of Regulations'. Together they form a unique fingerprint.

Cite this