Blockchain Neutrality

Blockchain technology is transforming how markets work. Blockchains eliminate the need for trusted gatekeepers like banks to execute, verify, and record transactions. Their disruptive potential threatens Wall Street and Silicon Valley venture capitalists. How blockchain technology is regulated will determine whether it encourages or inhibits competition. Some blockchain applications present serious fraud and systemic risks, complicating regulation.

This Cyber Alliance talk, featuring Cardozo Law Assistant Prof. Sam Weinstein, will explore the antitrust and competition policy challenges blockchain presents and will propose a regulatory strategy to unlock blockchain’s competitive potential, modeled on Internet regulation and net neutrality principles. Prof. Weinstein’s article, “Blockchain Neutrality,” contends that financial regulators should promote blockchain competition—and the resulting market decentralization—except in cases where specific applications are shown to harm consumers or threaten systemic safety. He recommends that regulators also should ensure open access and non-discrimination on blockchain networks. Prof. Weinstein concludes that this approach will serve not only traditional antitrust goals of lowering prices and promoting innovation, but also might achieve broader economic and social reform by reducing the power and influence of the biggest financial institutions.

There will be time for casual conversation and light refreshments before and after the presentation. Please RSVP to tgabs@bu.edu.