There are 4 issues in the digital economy that will probably need to coalesce around a multifaceted regulatory solution in order to provide a plausible way forward that doesn't undercut liberal capitalism:
* anti-trust
* privacy
* identity
* AML/KYC
* anti-trust
* privacy
* identity
* AML/KYC
Anti-trust:
Beyond the Big Tech "break them up" narrative the real moat most of the platforms have that allows them to scale entire new product lines is the users' data they keep on file & the need to re-authorize access in order to access their platforms.
Beyond the Big Tech "break them up" narrative the real moat most of the platforms have that allows them to scale entire new product lines is the users' data they keep on file & the need to re-authorize access in order to access their platforms.
for any sustainably competitive environment to replace the big tech dominance, we need the proper infrastructure for cross-platform authorisations & access.
Meaning, let users export their data & plug it in across-platforms. but then remember that data, is essentially digital ID
Meaning, let users export their data & plug it in across-platforms. but then remember that data, is essentially digital ID
Privacy:
Platforms who store users' metadata should be responsible & liable for how it's used, rather than another player in the game of identity brokers, vendors regulated FI use for risk management analysis.
Furthermore, make built-in privacy a perquisite, not a feature
Platforms who store users' metadata should be responsible & liable for how it's used, rather than another player in the game of identity brokers, vendors regulated FI use for risk management analysis.
Furthermore, make built-in privacy a perquisite, not a feature
Identity has to be designed on a principle based, not a sign in option reliable on a centralized party. Notice that most of the discussions around CBDCs (retail or wholesale) don't emphasize the identity object & data leakage across the networks
Identity on CBDC cannot replicate a similar gateway network as the one we see today either in finance or across Big Tech, instead it should be a network where less established players can evolve as stakeholders w/out the old boys' moats but w/ regulation
The final bin is really the end goal of all 3 (identity, privacy, anti-trust) - how to assure AML compliance in a different way, using technology but not being beholden to a regulatory state of hyper surveillance to appease theoretical fears, yet enforce real criminality
not to throw too many buzzwords into a thread, but I've thought for many years that the end game is decentralized identity networks & frameworks using privacy tech such as zero-knowledge for regulatory verifications.
tech narratives evolve slowly, but focusing on the convergence
tech narratives evolve slowly, but focusing on the convergence
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