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Katlas Technology: Regulation to deliver a positive ROI
Regulation for the marketplace of goods and services is oftentimes adding costs and making it more difficult for SMEs to compete, reducing choice and raising prices to the consumer; with big corporations meanwhile having the power to lobby weak government for unfair advantage. Remote visibility of compliance is not available and the use of the mk1 human eye to monitor ever-growing traffic is slow and prohibitively expensive.
How does a small African farmer shipping goods to the UK know that the forms he was asked to complete are the latest and correct version and are not going to cause a delay in the shipping supply chain, and how does the retailer know when to expect his goods and in what condition?
When there are so many processes and changing regulations, how does the Port Authority, Border Control, Defra and Customs and Excise get the intelligence they need before time, so that they can monitor traffic unobtrusively and with minimum delay whilst minimising fraud and associated negative outcomes to UK PLC and our trade partners.
Look to technology and reflect on your history as we approach the Age of the Metaverse. Needless to say, if it was easy we’d be doing it already - plus ça change, plus c'est la même chose! Building collaborative systems require leadership and integrity – there is no better time for the Public Sector to influence and support the design of frameworks for collaboration across government and enterprise in the spirit of The Rochdale Pioneers and Lloyds of London, to deliver membership benefits through a membership platforms fit for the physical and cyber worlds of the future.
Of course, membership clubs, institutes of excellence, mutual societies and charitable foundations already exist and have tended to be limited to what they can usefully do well, collaborating with Universities in thought leadership, advising on standards and hosting networking events; coming up with rules and guidelines but not be able to monitor efficacious adoption.
Should the government look to the metaverse as a paradigm for service delivery?
It all comes down to TRUST or better still TRUSTLESS. How do you deliver systems that are not controlled by one central authority with the power to control who sees what, where, how and when, to discriminate according to personal and departmental prejudice and to sit on knowledge as a means of influence.
Imagine if you could transform (not replicate) your system, with low-cost computers that communicate with machines, devices and people using hardcoded rules (smart contracts) that can be easily altered (but not without visibility and not without consensus) and that empowers the users to store and control access to their own data?
That dream is a blockchain secure distributed ledger technology (DLT) where authority is dispersed across the ecosystem you have designed in such a way that services can be accessed without intermediaries, with micro-payments to incentive even the smallest contributions and information made available to anyone who plugs-in using a set of shared permissions. A future where everyone has multiple digital personalities tied to one digital entity with a smartphone access to your data and functional capabilities – calling AI through Hero Avatars such as Usain Bolt and Emma Raducanu to inspire behavioural change and better health.
In future the government won’t store individual and population data in antiquated systems, it will instead request permission to access entity and individual wallets running the reports and metrics they need remotely and respectfully.
In this metaverse, the government is able to monitor the effectiveness and adherence of regulations and predict the outcomes of policy change – a positive ROI.
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This article was written by Edward C. Cole, CEO at Katlas Technology. To learn more about Katlas Technology, please visit their LinkedIn. CEO, Founder, Edward studied Economics at the University of Leeds and has 30 years of Financial Risk and Data Management in Capital Markets. Ed co-founded Occam Underwriting in 2002.
On Tuesday 5 April, techUK was delighted to host the Cabinet Office and industry representatives for the launch event for the UK Government’s Digital, Data and Technology Sourcing Playbook which was published on 28 March 2022. The DDaT Sourcing Playbook sets out guidance – in one place – as to how digital projects and programmes are assessed, procured and delivered in central government departments, arms-length bodies and the wider public sector. Through the application of what is commercial best practice, the Playbook addresses 11 key policies and six cross-cutting priorities that will ensure government gets things right from the start when it comes to procurement.
You can watch the recording of the launch event in full here:
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