[kictanet] Where Innovation and Regulation Meet!

[Erick Mwangi]

Thanks Ali once again for the minutes.

Government will always seem to have a heavy hand when it comes to new
innovation due to a number of factors ie:

1) Uncertainty
2) Contention over resources
3) Disruption and unforeseen eventualities
4) The public good

However i would imagine as a way forward we can suggest various lenses in
which the government can approach Blockchain when it comes to regulation.
There are two options as to which we can embark on:

1*) Principle based*

The regulatory body provides the market participants with principles that
should serve to guide their activity while allowing them discretion to
decide how they will meet their regulatory obligations.

*2) Performance based*

The regulatory body puts forward certain metrics that market participants
are required or encouraged to meet.

I posit the second option is what would be ideal for such a nascent
technology but willing to hear views from others.

Regards,

*Eric Mwangi*
*Founder  - Vault Global*
*www.vaultglobal.co.uk <http://www.vaultglobal.co.uk>*



On Thu, Sep 29, 2016 at 7:48 AM, Barrack Otieno via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Listers,
>
> This is for your information and attention.
>
> Best Regards
>
> ---------- Forwarded message ----------
> From: Olivier MJ Crepin-Leblond <ocl at gih.com>
> Date: Thu, 29 Sep 2016 08:44:19 +0200
> Subject: [IANA-issues] House OKs legislation to avert federal shutdown
> To: "iana-issues at atlarge-lists.icann.org" <iana-issues at atlarge-lists.
> icann.org>
>
> http://www.chron.com/news/politics/article/Deal-averts-
> federal-shutdown-ignores-Cruz-9381984.php
>
> The House passed the bill funding the government through Dec. 9 late
> Wednesday in a 342-85 vote after the Senate easily approved it earlier
> that afternoon. The bill contained no references to the IANA oversight
> transition.
>
> It increasingly looks like the NTIA contract will end in 48H and the
> IANA Stewardship Transition will be complete.
>
> Kindest regards,
>
> Olivier
>
>
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> Barrack O. Otieno
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