The rapid pace of technological advancement calls for a revision in regulatory approaches. As AI and Web3 continue to evolve, the introduction of a 'Truth in Technology Act' is becoming essential.
A Comprehensive Approach to Regulation
Tech companies are pushing boundaries with cutting-edge technologies like Web3 and AI. Every product integrates multiple technologies, necessitating a unified approach to regulation.
Mutual Support of Technologies
Different technologies support each other's weaknesses. For example, AI can enhance the accuracy of smart contracts, while blockchain ensures transparency and trustworthiness, boosting faith in technology.
Responsible Innovation and Truth in Technology
The concept of responsible innovation is pivotal for future regulation, focusing on technologies that do no harm. A 'Truth in Technology Act' could form the basis of international regulation, ensuring safety and trust.
A new regulatory approach is needed to accommodate the rapid evolution of technology and ensure its safe and responsible use worldwide.
