HOW TO REGULATE THE FUTURE OF TECHNOLOGY: CHALLENGES AND PRINCIPLES

Abstract

The intention of this paper is to reflect on the future of regulation in order to face the great challenges that new technologies are poposing, especially for regulators. The current regulatory system is forced to make enormous efforts to keep up with technological changes. For this reason, we want to think about whether the current model of slow and deliberate regulation is fully valid, or on the contrary whether we should aim for a more agile form of regulation to reach a balance between allowing innovation and the development of technology, while never forgetting the defence of the rights of the consumers or users of these technologies. The European Union has proposed developing a harmonized legal framework that provides legal security to all citizens of the union as a fundamental piece of this “new regulation” and in turn allowing European companies to compete internationally, and not just in the European context.