TRAI floats consultation paper on Regulatory Sandbox

Subject : Economy

Section: Infrastructure

Key Points:

Telecom Regulatory Authority of India (TRAI) has come out with a consultation paper on encouraging innovative technologies through Regulatory Sandbox.
What is a Sandbox ?
- Sandbox is a tool that provides a safe virtual space for any new product, innovation or software to develop and test its technologies and programs, where while it is connected to the main network in getting and using realtime data, it cannot affect the larger network. It is used by financial institutions, software companies and regulatory agencies to test new innovations.
Regulatory Sandbox refers to live testing of new products or services in a controlled regulatory environment.
- Regulatory bodies frameworks have been developed and used by many countries for telecom tech innovation.
- The frameworks allow companies to test new products/concepts in a controlled environment, with various regulatory allowances and exemptions factored in.
- Regulatory Sandbox by providing access to real-time network environment and other data will help the startup ecosystem in the telecom industry and allow them to test new applications before releasing them on the market.
The aim of bringing the regulatory sandbox framework is to:
- To promote creativity and adoption of cutting-edge technologies in the field of digital communications.
- To allow testing the use of emerging technology like artificial intelligence (AI), the Internet of Things (IoT), edge computing, with regards to digital communication.