The OECD holds a roundtable on blockchain technology and competition policy

1. Introduction 1. Blockchain is a general-purpose technology that threatens to disrupt markets and institutions across the world. Where the internet enabled the publishing and digital transfer of information, blockchain authenticates the ownership of assets, makes them unique, traceable, and facilitates the digital transfer and hence trading of assets by providing trust in the transaction and reducing uncertainty (through its use of trustworthy self-executing code). 2. The most prominent example of a blockchain thus far is Bitcoin, a cryptocurrency that uses blockchain technology to act as an alternative payment system. Bitcoin is a non- permissioned or public blockchain, meaning that there is no restriction on who can spend bitcoin or take part in verifying the authenticity of

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • OECD - Competition Division (Paris)

Quotation

OECD, The OECD holds a roundtable on blockchain technology and competition policy, 26 April 2018, e-Competitions April 2018, Art. N° 87498

Visites 259

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues