Competition Buzz: The Blockchain Technology Revolution and its Impact on Economic Sectors
According to Rifkin (2014), intense global competition is facilitating the continued emergence of a new and extraordinary technological infrastructure with the potential to boost productivity and reduce to almost zero marginal cost (the cost of producing each additional unit is practically nil, making the product ends up being virtually free) of large segments of economic life in the coming years.
This would trigger a new economic paradigm, where technologies such as blockchains, Big Data and the Internet of Things (IoT) will play a leading role.
In the digital age, the most important asset is the data. That is why companies recognize the strategic value of information and use it to cooperate and compete, are more productive and earn higher profits (Rodriguez, 2016).
Full Content: SSRN
Want more news? Subscribe to CPI’s free daily newsletterr for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI