TechFlow news: Franklin Templeton published a blog post stating that the true value of cryptocurrency and blockchain lies in their ability to reduce the cost of trust by eliminating trusted intermediaries and enabling trust-minimized systems. The additional features and applications brought by these technologies further amplify this core advantage.
By removing intermediaries from economic activities, all remaining participants involved in the process achieve significant economic savings. Reducing middlemen means fewer parties to support and improved cost efficiency. Moreover, fewer participants naturally lead to reduced counterparty risk.
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