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.
This paper considers the risks of anticompetitive behaviour by the blockchain, and sets out a range of possible opportunities that arise from the adoption of the technology.
JUNE 2018 SESSION INFORMATION
Isabelle Corbett [Bio]
Catherine Mulligan [Bio]
Peder Østbye [Bio]
Mark Simpson [Bio]
Thibault Schrepel [Bio]
MORE OECD BLOCKCHAIN WORK
In Part 1 of a two-part podcast series, the OECD's Greg Medcraft discusses blockchain, starting with the basics of this revolutionary technology.
For more videos, click here.
OTHER ROUNTABLES ON INNOVATION
RELATED TOPICS AND LINKS
Abuse of dominance
Cartels and anti-competitive agreements
Competition enforcement practices
Liberalisation and competition intervention in regulated sectors
Pro-competitive policy reforms