Antitrust in the Blockchain Era

Notre Dame J. Emerging Tech, Forthcoming

19 Pages Posted: 24 Mar 2020

See all articles by Giovanna Massarotto

Giovanna Massarotto

UCL Centre for Blockchain Technologies (UCL CBT); University of Iowa - Henry B. Tippie College of Business

Date Written: March 3, 2020

Abstract

Similar to the Internet Era, which generated new value chains based on digital marketplaces, the block-chain has the potential to be the next cutting-edge technology which will revolutionize markets. Block-chain technology built on a consensus mechanism can make intermediaries [or third parties] unnecessary and reduce the market power of today’s centralized platforms. Antitrust enforcers should oversee the transformation of digital markets by means of block-chain technology to prevent anti-competitive conduct that might block the path to innovation. Using the Web as a model of reference, a public block-chain could run on universal and open protocols; with goods and services traded in a single universal block-chain. Antitrust enforcers are fundamental in keeping block-chain markets open and free. Rather than leading to the death of antitrust and regulation, block-chain will require more sophisticated versions of both.

Keywords: Block-chain, Antitrust, Regulation, Web, Open Network, Open Markets, Economic Democracy, Technologies

JEL Classification: D4, D42, K21, L5, L12, L17, L86, O31

Suggested Citation

Massarotto, Giovanna, Antitrust in the Blockchain Era (March 3, 2020). Notre Dame J. Emerging Tech, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3548094

Giovanna Massarotto (Contact Author)

UCL Centre for Blockchain Technologies (UCL CBT) ( email )

London
United Kingdom

University of Iowa - Henry B. Tippie College of Business ( email )

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5020 Main Library
Iowa City, IA 52242-1000
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