| Abstract [eng] |
The blockchain technology has revolutionized various industries including finance, healthcare and supply chain management. Its decentralized nature allows for secure, reliable and transparent transaction records, which can significantly reduce transaction costs and increase efficiency. However, the use of blockchain technology in markets can also lead to anti-competitive behavior that can harm fair competition and consumers. Accordingly, this research, based on extensive review of new specialized literature the practice of the European Union Court Of Justice, European Union legislation, various opinions, guidelines and recommendations, aimed to clarify the relationship between blockchain technology and EU competition law, as well as the challenges posed by technology to competition law and their solutions. The first part analyses the development of blockchain technology and the technical possibilities necessary to understand its potential impact on competition law. The second part analyzes the application of EU competition law norms in relation to blockchain technology, the problems and ways in which anticompetitive practices related to blockchain can arise. It also examines the measures taken by states to control the risk of these anticompetitive practices. The third part analyzes possible solutions to the challenges posed by competition law, which include targeted education and cooperation between competition institutions and sector participants, proportionate regulation that does not restrict technological progress and innovative technological solutions, such as smart contracts based on blockchain, designed to promote competition and ensure fair competition. |
