The DeSci community is generating numerous governance infrastructures. How can it create governance sandboxes so that the larger scientific community / professional society will be more likely to accept this new technology?

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Government Governance Sandboxes[edit | edit source]

  • A governance sandbox is a type of regulatory program that allows organizations to test new products, services, or business models in a controlled environment, with the goal of learning more about the potential impacts and risks of these innovations. Governance sandboxes are often used in sectors such as financial services, technology, and healthcare, and are designed to provide a space for companies to experiment and learn about the potential benefits and drawbacks of new innovations, without facing the full regulatory consequences of failure.
  • Here are a few examples of governance sandboxes:
    • Financial Conduct Authority (FCA) Sandbox: The Financial Conduct Authority (FCA) in the United Kingdom operates a governance sandbox that allows financial technology (fintech) companies to test their products and services in a controlled environment, with the goal of learning more about the potential risks and benefits of these innovations.
    • Singapore Sandbox: The Monetary Authority of Singapore (MAS) operates a governance sandbox that allows financial institutions and fintech companies to test their products and services in a live environment, with the goal of learning more about the potential risks and benefits of these innovations.
    • Project Sandbox: Project Sandbox is a governance sandbox operated by the Ontario Securities Commission (OSC) in Canada that allows fintech companies to test their products and services in a controlled environment, with the goal of learning more about the potential risks and benefits of these innovations.
  • Overall, governance sandboxes are designed to provide a space for companies to experiment and learn about the potential impacts and risks of new innovations, and are often used in sectors such as financial services, technology, and healthcare.

New Ideas Welcome[edit | edit source]

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