What is a “Regulatory Sandbox”? How could it contribute to high standards of data protection and privacy and promote innovation? What are the challenges and problems? What safeguards are needed? Why would regulators and organisations want to participate in a Sandbox?
In this white paper, the Centre for Information Policy Leadership (CIPL)3 sets out the key features of the concept. Essentially, it is a supervised “safe space” set up by a Data Protection Authority (DPA) for piloting and testing innovatory products, services, business models or delivery mechanisms of participating organisations in the real market, using the personal data of real individuals.
We identify the main benefits of the approach—for organisations, for DPAs, for policymakers, for economic and social progress and for individuals.