{"id":16990,"date":"2016-10-18T11:56:36","date_gmt":"2016-10-18T08:56:36","guid":{"rendered":"http:\/\/www.altoros.com\/blog\/?p=16990"},"modified":"2021-12-14T00:50:39","modified_gmt":"2021-12-13T21:50:39","slug":"blockchain-to-reduce-intermediaries-in-many-industries-outside-finance","status":"publish","type":"post","link":"https:\/\/www.altoros.com\/blog\/blockchain-to-reduce-intermediaries-in-many-industries-outside-finance\/","title":{"rendered":"Blockchain to Reduce Intermediaries in Many Industries Outside Finance"},"content":{"rendered":"
\"Michael<\/a>

Michael Mainelli<\/small><\/p><\/div>\n

\u201cThe future is billions of ledgers<\/em>,\u201d according to Michael Mainelli<\/a>, Executive Chairman of the Z\/Yen Group, \u201c(and) ultimately these are just databases<\/em>.\u201d His remarks came during a recent Hyperledger meetup<\/a> in London.<\/p>\n

Engaged during his long career within the City of London\u2014one of the world’s premier financial centers\u2014Michael noted that companies there are always on top of the latest trends and have been working with distributed ledger ideas since 2010.<\/p>\n

Disintermediation<\/a> has been a goal of business for some time, driven by consumer markets and their unrelenting focus on price. Now, with the blockchain technology, major time and cost bottlenecks are threatened with distintermediation and removal.<\/p>\n

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