It is almost impossible, but potentially a government could do it correctly.
On the other hand, if implementing it correctly is in the best interests of a private, for profit firm, then you are correct. If not, then possibly no.
I know not what exact issues could arise, but I’m sure there are some. The potential for a company to ignore them for profit does exist.
For that matter, I have no idea what, precisely, I am talking about. But I'm still sure that the potential for it to be done incorrectly exists.