is a welcome example of forward-looking, innovation-friendly regulation. Rules aimed at ensuring an open internet are a model for the kind of regulation that champions innovation in the digital era and exemplifies core American values. Other regulators would do well to take note.for an excellent refresher). They claim the old rules were perfectly suited for oversight of the modern internet, even though those rules were written for old-school telephone service.
It wasn’t always the case that you could choose your own phone, or design and run new applications on the nation’s telecom network. Before 1968, only a Western Electric phone could be plugged into a phone line because the incumbents argued that other devices could damage the network. It would be almost another 20 years before the government forced incumbents to open the network to competitive providers.
Fair regulations create a sandbox for creative ideas to flourish and test themselves in the market. Blockchain-based solutions are ripe for creative innovation designed on the modern internet and with the potential to change much more than modern finance. But we need fair, clear, and smart regulations to do so in the US.
Decentralized ownership of public infrastructure networks through token rewards for building and maintaining the network are among the myriad innovations made possible by blockchain. In our case, that’s wireless communications.
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