Get set for a blend of reality and its augmented version

Kevin Kelly predicts the dawn of a third platform age, following the World Wide Web and social media, which will digitize the physical world. This new platform involves a network of cameras capturing and uploading visual data to create a multi-dimensional digital representation of the world. Interaction with this digital world will be through connected glasses, blending augmented reality with the physical world, transforming education and entertainment. To avoid repeating history where U.S. corporations dominated previous platforms, proactive involvement in developing this technology and setting standards, particularly in AI and digitization, is crucial.

How digital trust systems can guard against false data

China’s social credit system monitors and scores citizens’ behaviors, rewarding or penalizing them accordingly. This system raises concerns about data accuracy and the impact of false information on individuals’ lives. As other countries might adopt similar systems, it’s crucial to ensure these algorithms are fair and continually reassess their trust evaluations to avoid unjust consequences.

Of digital competition and data transfer principles

The UK’s Digital Competition Expert Panel report addresses digital market competition, expressing concerns about the harmful effects of concentration due to network effects in digital platforms. It recommends developing systems based on open standards for greater data mobility and openness, similar to India’s financial data transfer systems. The report also suggests establishing a new Digital Markets Unit for competitive conduct and reevaluating merger regulations to consider future innovation and competition impacts. However, the feasibility of accurately predicting the outcomes of tech acquisitions is questioned, suggesting that implementing effective data transfer systems might suffice to enhance market competition.

The dilemma of trying out new cures for malaria

The alarming rise of drug-resistant malaria in South-East Asia necessitates the development of new treatment regimes in India. Controlled human infection model (CHIM) studies could expedite this process but raise significant ethical concerns. A robust ethical and regulatory framework is essential to proceed with such studies.

The need for an online dispute resolution mechanism

Both Europe and India are looking to regulate e-commerce platforms. And while they have different approaches they agree on the need for an online dispute resolution process. As we build out these systems we should not just place a digital layer on top of existing dispute resolution methods. Instead we should take the opportunity to embed digital artefacts into the workflow that will conclusively establish whether contractual obligations have been performed.

India's draft e-commerce policy is more a miss than a hit

The draft e-commerce policy released by the Indian government has been criticized for its broad and potentially harmful approach. It controversially claims collective ownership of data generated in India, suggesting state management over individual data rights. The policy misunderstands key technologies like AI, overemphasizes network effects, and ventures into unrelated domains like social media and taxation. Overall, it shows a lack of understanding of the sector it aims to regulate, which is disappointing for a technologically advanced nation like India.

Technology is making us less open to divergent views

Social interactions have shifted from avoiding political and religious discussions to embracing them, as people now surround themselves with like-minded individuals. Social media platforms enable users to mute differing opinions, reinforcing their existing beliefs. We need to consciously engage with diverse viewpoints rather than allowing technology to further entrench tribal behaviors.

For the digital world, customer is truly king

Over the past five years, the internet has seen the growth of large technology platforms in various sectors, leading to concerns about competition. Social media and aggregator platforms create a lock-in effect, where users and suppliers feel compelled to join popular platforms, leading to potential monopolies. Traditional competition law views monopolies as harmful, but these platforms challenge this view by improving consumer choice and service quality. However, this shift in market dynamics may harm smaller suppliers, suggesting a need for regulatory protection for these market participants.

Policy advocacy is really an exercise in compromise

Despite a 2014 initiative by the ministry of law and justice that mandated pre-legislative consultation, in most instances the process is largely superficial. We need a more genuine and constructive engagement from both the government and stakeholders, emphasizing compromise and understanding. The government should actively facilitate pre-legislative consultation, evaluate competing suggestions, and align decisions with democratic values to ensure more meaningful participation in policy-making.

Account aggregators and e-consent for credit markets

The public credit registry (PCR), a centralized credit information system, would improve data quality and help borrowers build reputational collateral. However, a PCR alone isn’t sufficient; lenders also need information on borrowers’ financial assets. The Reserve Bank of India’s account aggregator infrastructure addresses this by allowing borrowers to share financial asset information securely and with consent. While this system limits data misuse, it requires robust legal frameworks to ensure data is used only for intended purposes.