I just posted a piece on my GovLoop blog about what I’m calling “Regulation 3.0,” using a combination of aspects of the Semantic Web, structured data and the “Internet of Things,” in which everything would have an IP address, to create a new approach to regulation that would be particularly appropriate for situations such as off-shore oil or TARP loans where only (IMHO) real-time, unfiltered data flow would be adequate. The neat thing, IMHO, is that as the Dutch Taxonomy Project has shown, such an approach could not only improve regulation, but also cut the average company’s compliance costs by 25%. Oh, and did I mention that there’s no law against the regulated company from using the exact same structured data to achieve real-time decision making and supply-chain integration? What’s not to like about that??/
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