Fora da Caixa: Experiências de Sandboxes Nacionais e Internacionais

The event “Outside the Box: Experiences from National and International Sandboxes” by the Datasphere Initiative, a global think tank with a mission to foster responsible agility in data governance, brought together experts from different sectors to discuss the role of sandboxes in Brazil. The event addressed topics such as:

• What are regulatory sandboxes?
• What are the benefits and challenges of sandboxes?
• How can sandboxes be used to promote responsible innovation?
• What is the role of sandboxes in emerging issues?
• How can sandboxes be used to promote international cooperation?

Regulatory sandboxes are an innovative mechanism that allows public and private actors to experiment with their technologies, products, and services in a controlled environment under regulatory supervision. They have the potential to promote responsible and agile innovation, especially in emerging areas such as fintech, artificial intelligence, and data governance. 

The event provided an opportunity to map Brazilian sandbox experiences, brought experts to discuss good practices, design and implementation challenges, and addressed the relevance of this methodology in the areas of fintech, artificial intelligence, and data governance. Participants were invited to reflect on how sandboxes can be used to promote regulatory agility and responsible innovation and their potential for new international cooperation arrangements for challenges that cross national borders.

Context

Sandboxes, as collaborative experimental, regulatory, or operational environments, that test technologies, business models, and regulatory frameworks themselves (including those for data governance), could be the key to realizing a new model of international cooperation.

Over the past decade, sandboxes have been implemented by regulators, especially in the fintech space, and have become an increasingly important testing tool for identifying and addressing challenges associated with the technology. Sandboxes can unlock innovative possibilities and catalyze learning for diverse stakeholders – the public sector, the private sector, and civil society. However, its potential as a method of cross-border cooperation is still underexplored.

Following the publication of the “Sandboxes for Data” report in 2022, we led the implementation of the “Africa Forum on Sandboxes for Data” and the incubation of the “Global Sandboxes Forum”, which aim to promote spaces for dialogue on best practices and challenges for implementing sandboxes. At the event in Brasília, we gave visibility to Brazilian sandbox experiences and reflected on the potential of the sandbox to promote regulatory agility and international cooperation. We also promoted debates on data governance, including data sharing, data protection, and Artificial Intelligence.

Important notice: 

• For information in Portuguese, please access this site.
• You can request a certificate of participation in the event by contacting: loungou@thedatasphere.org
• For more information, read the blog with the key highlights.

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