A1. I agree with Hilary on the pace of change in the blockchain. No doubt it was similar at the rise of the Internet. The old rules don't exactly fit with the new moving parts. Understanding emergent tech is hard even for people within the industry, let alone regulators.
Q2: How do you calculate the ROI of compliance technology? Don't forget to reply to the question on this post with A2 so everyone can follow along! http://www.via-cc.at...
A1. I think the rapid pace of change in the blockchain industry a constraint for regulators. First it was cryptocurrencies, then ICOs. The goal is to find sensible regulation that enables innovation to be sustained and investors to be protected.
No. It is seen as a necessary evil, rather than as an aspect of quality. Like software QA, or marketing, or other similar "making a good product" elements.
#TRRisk Hello everyone. Chair of @futuresdigital Founder of @ForumBlockchain in BC, I am passionate about the potential of emerging technologies in contributing to creating a more inclusive economy and prosperity with respect for our environment.
A1 in general the availability of client/user data across multiple channels within an organization and the ability for individuals to leverage it is quite tempting. Keeping internal stakeholders in line -- and locking down data externally is extremely taxing on a compliance team.
Hi, @helenhchan here, reg intelligence specialist with @RiskManagement. For data management, would you say that storage and security or finding the right people with technical expertise is a bigger challenge in terms of compliance?
I think it's a bit of both. Finding the right technologies and having a team that can champion the cause and effectively manage compliance are both required.