Innovation is usually disrupting existing behavior, processes, ways of doing things. We can see that in the development of Artificial Intelligence, Blockchain, equity crowdfunding, most fintech applications, self driving cars, new vehicles in general and so forth. All of them and many others are touching existing law one way or the other. Governments need to be agile enough to not protect the old to a time when the global competition is requesting them to move.
An important proactive measure is to simplify existing law. Of course it is a daunting task however there will be a time in the near future where it becomes is inevitable. Nations will need to establish laws regarding flying vehicles, smart self acting materials, bio materials for human augmentation, autonomous financial transaction systems, biological materials for buildings, bridges and all other constructions, legal questions regarding autonomous machines, conscious machines, human machine hybrids, rights of those hybrids and much more. Today’s legal patch work can’t sustain.