New or emerging technologies are rarely simple to handle from a regulator’s perspective. They are almost always mixed blessings: they upset the status quo and have untested potential, including to cause unforeseen harm. At the same time, they are essential for the health of any economy. Cab-aggregators and e-commerce companies are great examples of technologies which threw up several challenges over the last decade and required significant regulatory redrafting. Equally, their positive impact on the economy and quality of life, particularly in urban centres, has been immense.
Please click here to read the full article.