Congress’ renewed attack on Big Tech may clear the field for decentralization


On Tuesday, a House subcommittee put out a massive report that places Big Tech in the crosshairs of major antitrust reforms.

The four firms at the center of the report — Apple, Google, Facebook and Amazon — have been in hot water with Congress for some time. But while the tone of the recent conversation is punitive towards those firms, it also seems to envision a broader shift to new rules that would stop tech from this level of centralization again.

Obviously, that’s a lofty ambition, and sweeping political ideals don’t make it into market practice without extensive compromise. Nonetheless, the proposed rule changes would not only clearcut huge chunks of these firms’ claims to the tech market, but also seem to leave the field open for blockchain technologies that make concentration of power impossible not only illegal, but technologically impossible.