The News Lens
Date: 2019/06/25
By: SME.Sandbox

Facing the impacts that technological innovation might bring on the industries, how should the government coordinate among the existing business owners, new players, and the consumers, update the current laws, and create a three-way win? What kind of “warm power” does Taiwan have to build a better and more convenient life for its people, and raise the international publicity at the same time?

The rapid development of emerging technologies activate the change of industrial structure, and opens the indefinite possibility of the future life of all human beings. High technology industry is the strength of Taiwan. The government has been proactively promoting the industrial innovation programs such as Asia Silicon Valley, green energy technology, and biomedical technology in recent years, and encouraging the business providers to innovate. However, facing the impacts that technological innovation might bring on the industries, how should the government coordinate among the existing business owners, new players, and the consumers, update the current laws, and create a three-way win? What kind of “warm power” does Taiwan have to build a better and more convenient life for its people, and raise the international publicity at the same time?

Digital Minister of the Executive Yuan, Audrey Tang, who has been dedicated in promoting the innovative regulatory sandbox (hereinafter referred to as the “Innovative Sandbox”) in Taiwan, said that the government understands that pain points of the business owners, especially when an innovative player wants to carry out a new business model, it is usually unclear whether such business would conform to the current law, or drift along the ambiguities in law enforcement, sometimes, the law even provides unclear rules.    [FULL  STORY]