Web3 constitutes the first qualitative revolution of the Internet. The technology in Web2 has been neutral, while with the blockchain, it becomes a field of com-petition. Digital platforms (Web2) remained up to this year unregulated. In 2022 the European Union started to regulate them from a premise: technology is neu-tral. This premise doesn't apply to Web3: EU rules change according to the technology used. Hence, EU rules for Web2 and Web3 are mutually incompatible. However, since the transition from Web2 to Web3 will still last years, it is necessary to find a convergence of the rules or their implementation. This article sug-gests a convergence on the regulatory level, defined as “participatory regulation.
Bassan, F. (2023). web3 in transition and participatory regulation. ANTITRUST CHRONICLE, 2023(1), 1-9.
web3 in transition and participatory regulation
F. Bassan
2023-01-01
Abstract
Web3 constitutes the first qualitative revolution of the Internet. The technology in Web2 has been neutral, while with the blockchain, it becomes a field of com-petition. Digital platforms (Web2) remained up to this year unregulated. In 2022 the European Union started to regulate them from a premise: technology is neu-tral. This premise doesn't apply to Web3: EU rules change according to the technology used. Hence, EU rules for Web2 and Web3 are mutually incompatible. However, since the transition from Web2 to Web3 will still last years, it is necessary to find a convergence of the rules or their implementation. This article sug-gests a convergence on the regulatory level, defined as “participatory regulation.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
