Using Blockchain-Based Smart Contracts To Enforce the Antitrust Consent

34 Pages Posted: 7 Feb 2022

See all articles by Giovanna Massarotto

Giovanna Massarotto

Center for Technology Innovation and Competition (CTIC), University of Pennsylvania; UCL Centre for Blockchain Technologies (UCL CBT)

Date Written: January 24, 2022

Abstract

Antitrust jurisdictions all over the world are looking at new rules for digital markets to manage possible forms of monopolization because the consumer welfare standard would be ill-adapted to ensure competition in digital platforms. This paper proposes a different solution by exploring a blockchain system and blockchain-based smart contracts to enforce antitrust remedies enshrined in an antitrust consent solution and make the antitrust enforcement more efficient through a technologically managed solution. Antitrust cannot act in isolation to resolve the new antitrust paradox that is targeting digital markets internationally. The globalization of antitrust law is a long-term goal in which blockchain can be an invaluable asset.

Keywords: antitrust, digital markets, blockchain, smart contracts, remedies, reg-tech

JEL Classification: K20, K21, K23, K42, L40, L43, L51, O30

Suggested Citation

Massarotto, Giovanna, Using Blockchain-Based Smart Contracts To Enforce the Antitrust Consent (January 24, 2022). Available at SSRN: https://ssrn.com/abstract=4016740 or http://dx.doi.org/10.2139/ssrn.4016740

Giovanna Massarotto (Contact Author)

Center for Technology Innovation and Competition (CTIC), University of Pennsylvania ( email )

Philadelphia, PA 19104
United States

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

London
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
193
Abstract Views
592
rank
225,653
PlumX Metrics