Discussion paper on blockchain technology and competition
The Competition Commission of India (CCI) is entrusted with the responsibility of preserving and enhancing competition, not just through enforcement, but also through advocacy. Section 49 of the Competition Act, 2002 states that CCI “shall take suitable measures for the promotion of competition advocacy, creating awareness and imparting training about competition issues”.
Recognising the growing interest of technology firms, businesses and institutions towards blockchain technology, competition authorities in different jurisdictions have shown keenness in understanding how this technology can create opportunities for enhancing competition and lead to efficiencies, and how this technology will interact with competition law.