Arguments in favor of establishing legal and regulatory standards -
I. Industries will follow a unified approach of building and implementing such systems if legal standards and regulations are in place. These laws and regulations therefore will help the industry at large answer critical safety questions and help drive innovation into such systems as better safety features will be invented to tackle such challenges.
A counter-argument for legal and regulatory standards will stifle innovations because everyone has to abide by a strict protocol that are laid out for them. Therefore new innovators are discouraged to enter the market as there are so many laws and regulations the new players will have to follow to implement new and innovative
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Such hurdles will artificially slow down the pace of many players in the industry that are interested in releasing a new system.
Arguments against establishing legal and regulatory standards -
I. An argument can be made that laws and regulations should not dictate how computer systems are to function and designed. In a market driven system if a vendor fails to provide a safe to use mission critical computer based system then such a vendor will automatically go out of business as no one will be interested in using that system. A vendor should be free to design and implement systems that they see fit to meet their customer needs and wants.
A counter argument here will be that leaving the design in the hands of consumers for a safety-critical computer-based systems will be a dangerous proposition. Vendors may design systems that meets the bare minimum standard for safety and quality to undercut cost of manufacturing and designing such systems. Laws and regulation standard therefore could have a higher degree of standard such that vendors may not undercut safety and quality