Antitrust and Costless Verification: An Optimistic and a Pessimistic View of the Implications of Blockchain Technology

Posted by Social Science Research Network

Antitrust and Costless Verification: An Optimistic and a Pessimistic View of the Implications of Blockchain Technology

By Christian Catalini & Catherine E. TuckerĀ 

Blockchain technology allows a network of individuals, institutions or devices to coordinate economic activity on a global scale (‘internet-level consensus’) without assigning the same degree of control to the intermediary operating and facilitating transactions in the marketplace. This allows for the creation of new types of decentralized digital platforms where the benefits of …

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