Monday, December 17, 2018
Antitrust by Design – The Prohibition of Anti-Competitive Coordination and the Consensus Mechanism of the Blockchain
Sebastian Louven, University of Oldenburg and David Saive, University of Oldenburg describe Antitrust by Design – The Prohibition of Anti-Competitive Coordination and the Consensus Mechanism of the Blockchain.
ABSTRACT: Is the blockchain technology with its technical coordination mechanisms also posing new challenges to antitrust dogma? Are conventional principles transferable to platforms or do we need new approaches? This paper examines the applicability of the prohibition of concerted practices to blockchain issues and which requirements arise for a compliance-conscious design of new technologies.