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Increasing efficiency through direct interaction

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Lower fees aren’t the only benefit of eliminating middlemen. Any time you can remove one or more steps in a process, you increase efficiency. Greater efficiency generally means reduced time required for a process to complete. For example, suppose a musician decides to release her latest single directly to her fans by using a blockchain delivery model. Her fans can consume the new single the moment it drops. With a publisher, the content must be delivered, approved, packaged, and then finally released. Although the delay for digital media may be minimal, blockchain can eliminate any delays introduced by middlemen.

The contrast becomes even clearer when looking at delivering physical goods by using blockchain. If you buy strawberries from California, have you ever thought how many times they were handled before you got them? Lots of processors stand between you and the grower. Blockchain can reduce the number of people who participate in the supply chain for pretty much anything.

Blockchain Data Analytics For Dummies

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