Congress’ renewed attack on Big Tech might clear the field for decentralization
On Tuesday, a House subcommittee put out a huge report that locations Big Tech in the crosshairs of significant antitrust reforms.The 4 companies at the center of the report– Apple, Google, Facebook and Amazon– have actually been in hot water with Congress for some time. While the tone of the current discussion is punitive towards those companies, it likewise appears to imagine a wider shift to brand-new guidelines that would stop tech from this level of centralization again.Obviously, that’s a lofty aspiration, and sweeping political suitables do not make it into market practice without substantial compromise. The proposed guideline modifications would not just clearcut big portions of these companies’claims to the tech market, however likewise appear to leave the field open for blockchain innovations that make concentration of power difficult not just prohibited, however highly difficult.
