Just as data can be used to democratise credit, these technologies are easily misused. Today [[digital lending]] companies prey on the poor by offering high interest loans to advertising targetted to popup when they are vulnerable. Regulating this will call for coordination between the telecom department (for anti-spam regulations) and MeITy to regulate (in-app advertising).

My reflections on my 2020 predictions about technological advancements. The pandemic emphasized technology’s central role in society, from remote working to vaccine development. New regulatory measures give hope for increased internet access and technology legislation in India, recognizing the need to adapt and engage with technology in new ways.

The cost of KYC is an impediment to lending below a certain ticket size. If we can permit lenders to use [[Derived KYC]] ensuring that it is only deployed in a digital context with all the required guardrails we will be able to radically reduce the cost of KYC opening up lending to the masses.

India’s reliance on mobile data has exposed educational disparities during lockdown, with many students unable to access online learning. The newly approved Prime Minister Wi-Fi Access Network Interface (PM-WANI) aims to radically alter data services by unbundling components, encouraging entrepreneurial opportunities, and potentially improving accessibility and quality of internet connectivity.

Earlier this year, as news of the incredibly realistic prose that GPT-3 was capable of generating reached me, my first thought was that I needed to figure out how to use this technology to churn out new Ex Machina articles. It wasn’t long before I realised that as a technology, it flattered to deceive. I would be far better served investing in consciously building a personal knowledge management system that help me synthesise all the various elements of knowledge I came across so that I was able to surface hidden connections.

The transition from owning things to subscribing to things is going to be hard until there is widespread market adoption and greater choice. Consumption is central to our economy and the only way we know to consume is by owning things. However once digital distribution becomes seamless we can subscribe to whatever we need to consume whenever we need them.

Despite our pessimistic focus on disasters and negative events, the world has significantly improved in areas like forced labor, women’s voting rights, literacy, and environmental protection. Even in tech policy and government handling of data privacy, progress is evident, though challenges remain.

Outdated regulations and a lack of accurate mapping technology has cost India up to $14 billion per year in inefficient last-mile delivery. We need to modernise map regulations and embrace next-gen technologies like LIDAR and drones to boost our mobility industries and pave the way for autonomous vehicles.

Lawrence Lessig was the first person to come up wtih the idea of regulating the Internet through code, suggesting that restrictions on digital platforms could be implemented through code. This approach, that could streamline complex, multi-party transactions, make them scalable and reduce the risk of non-performance is an idea whose time has come.

The concept of “creative destruction” and “adversarial interoperability” is particularly relevant in the context of modern technology. We need to allow new technologies to work with existing platforms without legal repercussions and foster interoperability.