Secondly, it can lower data asymmetries, enhance transparency and reliability within the system, appearing as a single, immutable shared knowledge supply for all participants. Thirdly, it has the potential to significantly scale back prices by allowing financial establishments to eliminate a massive quantity of intermediaries. As a end result, many individuals who had been previously barred from taking part in monetary companies because of the excessive barrier of entry fees, can now participate and reap the benefits.
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