Platform Regulation
The digital platform business model is being employed to provide innovative and efficient services in a wide range of business services, often disrupting traditional service providers. Governments, courts and regulators are actively engaged in applying new regulatory mandates and responsibilities to digital platforms
The digital platform business model is being employed to provide innovative and efficient services in a wide range of business services, often disrupting traditional service providers. The model is often marked by a digital services company offering the technology platform remotely, connecting users, oftentimes buyers or seller of a good or service, who may be within a single jurisdiction over may located in different states or countries. The platform model has not just been used by innovators to disrupt traditional business enterprises and ways of engaging in work and commerce, it has also disrupted a range of tax, regulatory, liability and legal models. Governments, legislatures, courts and regulators globally are actively engaged in applying new regulatory mandates and responsibilities to digital platforms. Some of the most common mandates involve applying traditional Employee Benefits & Protections to those who engage in platform-enabled work, Tax Collection, requiring the enforcement of Local Business Regulations, responsibility for User Misbehavior, and the requirement to provide users, especially small businesses, with Fair Terms of Service.