Using Blockchain-Based Smart Contracts To Enforce the Antitrust Consent
34 Pages Posted: 7 Feb 2022
Date Written: January 24, 2022
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: Suggested Citation