Probe - Accounting, Auditing and Taxation

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Article Processing Charges (APCs)

US$800

Publication Frequency

Quarterly

ISSN

2661-393X(Online)

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Published

2024-12-31

Issue

Vol 6 No 4 (2024): Published

Section

Articles

How to Cite

Yan, H., & Wang, Y. (2024). Blockchain technology and antitrust compliance: Data traceability and trusted governance ecosystem. Probe - Accounting, Auditing and Taxation, 6(4). https://doi.org/10.59429/paat.v6i4.8390
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Blockchain technology and antitrust compliance: Data traceability and trusted governance ecosystem

Haishui Yan

Chairman of the Board, Zhonghe Digital Union (Beijing)Technology Co., Ltd

Yajun Wang

Senior Partner, Deputy Director, Capital Equity Legal Group (Shanghai)


DOI: https://doi.org/10.59429/paat.v6i4.8390


Keywords: Blockchain Technology; Antitrust Compliance; Data Traceability; Trusted Governance; Platform Economy


Abstract

In the context of the rapid development of the national digital economy and platform economy, the risk of platform companies abusing data and algorithms to monopolize markets has become increasingly prominent. Traditional antitrust compliance models face challenges such as information asymmetry, difficulty in evidence collection, and delayed post-event supervision, which make it difficult to address the covert and dynamic nature of platform monopolistic behaviors. Blockchain technology, with its features of decentralization, immutability, traceability, and smart contracts, provides new pathways for building a trusted data traceability system and a multi-party trusted governance ecosystem. This paper, starting from the national antitrust policy and regulatory needs, explores the practical paths for blockchain-enabled antitrust compliance, such as data on-chain, smart contract regulation, privacy protection, and industry standard-setting. Through case studies and application scenarios, the paper demonstrates the technological feasibility and regulatory value. Additionally, the paper proposes countermeasures to address implementation challenges related to technical costs, legal validity, privacy protection, and industry coordination. The research suggests that blockchain technology is expected to play a foundational supporting role in future antitrust compliance, contributing to the establishment of an efficient, transparent, and sustainable fair competition order.


References

[1] Xiaoye W. The Theory and Practice of Antitrust Regulation in China's Digital Economy Sector [J]. Journal of the Chinese Academy of Social Sciences, 2022(5): 31-48.

[2] Bing C. Algorithmic Collusion Risks in the Digital Economy and Antitrust Regulation Approaches [J]. Law Review, 2024, 39(4): 80-90.

[3] Aifei C. Antitrust Regulation of Blockchain Collusion [J]. Modern Jurisprudence, 2022(4): 145.

[4] Zhili D, Xiaohui L, Dong H. The Application and Challenges of Blockchain Technology in Data Security and Governance [J]. East China Science and Technology, 2024(9).



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