From time to time, everyone has envisioned a world where intermediaries are no longer necessary, and producers are able to have a direct relationships with their consumer.
With the advent of numerous online stores, trading, and second-hand websites could, to an extent, seem to meet this demand. But make no mistake, we are still going through an established intermediary, albeit a discreet one, who reassures us but still takes their cut.
Blockchain technology changes the intermediary because the power no longer resides in an institution, business or an entity, but in an informal community of stakeholders who trace, verify, and ensure contracts and transactions are secure. This new shake-up of roles and powers could quickly challenge many established models.
Related Insights
Richard Hairsine
Austen Hancock
Sophie Storey
Yaba Nogbou
Victoire Wasielewski
Etienne Bouet
Ben Dineen