Competition
Blockchain and competition policy
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Blockchain is a general-purpose distributed ledger technology that threatens to disrupt markets and institutions across the world. Where the internet enabled the publishing and digital transfer of information, blockchain technology authenticates the ownership of assets, makes them traceable, and facilitates their digital transfer. It therefore allows direct trading of assets by providing trust in the transaction and reducing uncertainty (through its use of trustworthy self-executing code). Viewed from a competition policy perspective this might create both opportuntities to enhance competition and efficiency and risks of anticompetitive conduct. In June 2018, the OECD heard from a range of experts on these opportuntities and risks. See below all available materials. Access the full list of Competition Policy Roundtables.
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