Auctions are beholden to a set of well-specified trading rules, which facilitates a pure marketplace at work in its most basic form. The high level of control offered by this trading engagement opens the door to resolving certain issues within a market by designing the auction rules to suit the specific marketplace. By implementing the correct infrastructure and ensuring sufficient automation, the uptake of advanced auctions may add significant value to both markets and industries. This technology could also provide automated public and private coordination, boosting innovation in market design and decentralized finance, while providing protection for both price and demand.
Source: https://www.helpnetsecurity.com/2021/06/22/mpc-technology-blockchain-auctions/