A fourth industrial revolution is undergoing, and it might be time to rethink the old regulations.
Mass adoption of technologies of the Fourth Industrial Revolution potentially could trigger an even larger than projected transition to a new taxonomy of regulation concerning various fields of human life, including that of finance and the market itself. New technologies are enabling new concepts, systems and frameworks, such as driverless cars, drone postal deliveries and.
He continued: “Physics makes much use of the concept of ‘elementary particle’ although particles have a disconcerting tendency not to remain elementary very long. Only a couple of generations ago, the atoms themselves were elementary particles; today, to the nuclear physicist they are complex systems…[J]ust why a scientist has a right to treat as elementary a subsystem that is in fact exceedingly complex is one of the questions.
A dominant design as the landmark event for an industry has the effect of enforcing or encouraging standardization so that production or other complementary economies can be sought and perfected. At the same time, it may not meet the needs of a particular class to quite the same extent as would a customized design, nor is it a dominant design necessarily the one that embodies the most extreme technical performance.
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