{"id":108949,"date":"2021-01-20T19:57:50","date_gmt":"2021-01-20T19:57:50","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108949"},"modified":"2021-01-20T19:57:50","modified_gmt":"2021-01-20T19:57:50","slug":"antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai\/","title":{"rendered":"Antitrust watchdogs around the world are going back to school to study blockchain and AI"},"content":{"rendered":"

Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI.\u00a0<\/p>\n

On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. <\/p>\n

The DoJ is merely the most vocal addition to Standord\u2019s Computational Antitrust project. It joins the competition watchdogs of 46 other countries and the U.S.\u2019s Federal Trade Commission.<\/p>\n

The announcement is part of a broad surge in interest in cutting-edge tech and antitrust law, the culmination of a lot of motion at both academia and global regulators. Also on Tuesday, the DoJ\u2019s antitrust leader, Makan Delrahim, gave a farewell address at Duke University\u2019s Center on Science & Technology Policy in which he entreated the antitrust division to update it\u2019s technological capabilities. In remarks from August, Delrahim had put forward blockchain\u2019s ability to decentralize information as critical to the future of antitrust:<\/p>\n

\u201cI expect the Division will play a critical role in ensuring market conditions are conducive to unleashing blockchain\u2019s revolutionary potential.\u201d<\/p><\/blockquote>\n

In advance of his departure, Delrahim has taken many steps to bring the DoJ back to school for these emerging technologies. The DoJ advertised that it had “offered attorneys and staff the opportunity to take coursework focused on blockchain, artificial intelligence and Machine Learning” at MIT’s Sloan school \u2014 incidentally, where likely SEC Chairman Gary Gensler used to teach courses on blockchain. Schools have been upping their own preparedness accordingly.<\/p>\n

The Computational Antitrust project was only publicized on Monday. It aims to bring \u201ctogether academics from different backgrounds (law, computer science, economics\u2026) with developers, policymakers, and regulators.\u201d Alongside the program\u2019s announcement, founding professor Thibault Schrepel published objectives for research that envisione: <\/p>\n

\u201cA world in which artificial intelligence (‘AI’) and\u00a0blockchain combined with quantum computing will soon provide valuable support by enabling a better understanding of the world\u2019s complexity, and eventually, capturing part of it.\u201d<\/p><\/blockquote>\n

This past fall semester saw Schrepel leave Harvard to join Stanford\u2019s broader CodeX program. At the behest of director Roland Vogl, Schrepel\u2019s research has ascended to the status of an independent project within CodeX.<\/p>\n

But what exactly will the 48 agencies who have signed on to the project be doing? Dr. Schrepel told Cointelegraph that \u201cThey will also send us a short annual contribution detailing all the actions taken to modernize their practices using computational technologies.\u201d He continued to elaborate on the technologies of interest:<\/p>\n

\u201cOne can think of machine learning, natural language processing and understanding techniques, scraping, and so on. Blockchain is also mentioned as a way of ensuring the integrity of databases sent to agencies, and, for example, enabling smart contracts to ensure the implementation of behavioral commitments.\u201d<\/p><\/blockquote>\n

While at Harvard, Schrepel wrote extensively about the role of blockchain in fighting anticompetitive behavior alongside legal mechanisms, ultimately getting Vitalik Buterin on board with his idea. <\/p>\n

And while these ideas grow louder in academia, they are seeing new resonance among regulators. Many countries have spent the past year dusting off their antitrust artillery and aiming it squarely at the tech industry. The DoJ recently put a stop to Visa\u2019s acquisition of Plaid. The FTC has sued Facebook and sent demands to a host of other social media platforms asking them to answer for how they use user data. <\/p>\n

Meanwhile, China seems to be doing much the same thing with its home-grown tech industry, recently canceling Ant Group\u2019s initial public offering and pushing founder Jack Ma out of the public eye for several months. The European Union, on the other hand, has undertaken it’s most eye-catching attacks on (mostly Americ) tech firms under the auspices of its General Data Protection Regulation.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Competition authorities are hitting the books when<\/p>\n","protected":false},"author":3,"featured_media":108948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAntitrust watchdogs around the world are going back to school to study blockchain and AI - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antitrust watchdogs around the world are going back to school to study blockchain and AI - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Competition authorities are hitting the books when\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T19:57:50+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafoto1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvMDQ0MjhhNmMtMjA3Yi00MGQwLWI4NTItZjFlNmQwZWU4NmQxLmpwZw.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/antitrust-watchdogs-around-the-world-are-going-back-to-school-to-study-blockchain-and-ai\/\",\"name\":\"Antitrust watchdogs around the world are going back to school to study blockchain and AI - 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