Enforcement and Compliance in a Blockchain(ed) World

Most legal professionals have come across the term “blockchain” or “bitcoin” through client interaction, formal training or news updates. The topic has also been covered by industry publications, websites, magazines and journals which helpfully explain what a blockchain is, what it does and how it could bring revolutionary changes to business structures. Legal articles, however, are limited in scope. Most discuss the application of blockchain technology in financial services for e-commerce, reducing transaction costs and simplifying audit trails and regulatory reporting. Few publications, if any, discuss the changes blockchain technology could bring to competition enforcement and competition compliance procedures. This article looks to fill this identified gap and hopes to reach out to technology enthusiasts and competition professionals alike