[00:00:00] Regulation of emerging technologies, specifically AI, big data, and blockchain, balancing innovation and protection, refers to the table in Canvas.

[00:01:38] Quick explainer of some key terms; moral hazard in asymmetric information in business explained with a lawyer example.

[00:06:00] Regulation is key in ensuring fair distribution of benefits from technology, protecting vulnerable groups, and informing business decisions for future regulation.

[00:09:50] Legislation can override common law. Regulations are necessary for protecting business and community interests and maintaining competitive economies. Governments must balance regulation with policy outcomes.

[00:11:37] Australia claims to have strong regulation in place, but whether it is effective or not depends on political views and values. Striking the right balance between regulation and innovation is challenging due to the rapid pace of technological advancement. Regulations can become outdated quickly as business models change.

[00:13:38] Regulating new technologies can hinder business growth and innovation, but disruptive models also displace established firms and products, changing work and offering benefits.

[00:16:17] Balancing regulation to enable AI and blockchain development while ensuring societal wellbeing is critical. Recognizing problems and gaps in existing regulations is necessary before intervening for public safety and environmental concerns.

[00:22:45] Regulation effectiveness can be evaluated and improved through compliance rates, impact assessment, feedback, and updates. National Blockchain Roadmap is an example of a policy that influences blockchain regulation, but there's still progress to be made. When assessing policy roadmaps, consider objectives and goals.

[00:24:10] Consider relevance, stakeholders, resources, compliance, accountability, implementation, and evaluation when looking at blockchain policy goals. Also, read Weimer and Marin's article on regulating new technologies.

[00:26:42] The article discusses the challenges of regulating new technology in the European Union and emphasizes the importance of trust for effective regulation. The text also introduces a special issue of a journal focused on interdisciplinary research on law and regulation for emerging technologies.