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We see large businesses looking at supply chain and DLT for both the developed and developing markets, but there are also some other people doing more of an intermediation play with the blockchain – there are interesting experiments going on with small communities in African countries, trying to enable them to sell their produce more directly, bypassing the power plays that happen around that.
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We identified two main classes of third actors who play intermediation roles: decision-makers and go-betweens.
Instead, they were part of the 2000s version of the shadow banking system, a massive system of market-based intermediation that had come to play a critical role in providing financing to households and firms and issuing deposit-like liabilities.
It limits them to their legitimate purpose, namely intermediation as opposed to gambling.
The country's largest investment banks, commercial banks and a few big insurance companies (what we generally refer to as Wall Street) play the crucial role of intermediation — matching borrowers with lenders.
Moreover, private and public formal employment networks play a limited role in labor intermediation (Gatti et al. 2012).
They are bowled over by the technology that underpins the currency, a decentralised, immutable ledger called a "blockchain" that allows people to transact business without the intermediation of a trusted third party.Banks, which often play just such a third-party role, are watching all these developments closely.
In the intermediation between science and the practical field, the BZgA could play an even greater role.
Retail Intermediation and Local Foods.
GLOBAL financial intermediation is broken.
Financial intermediation and delegated monitoring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com