I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....
But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?
Middle men are a critical part of day to day life, even in online transactions middle men are necessary as the user don't have to trust the seller and also the seller doesn't have to trust buyer they just give their things to third party and the deal goes smoothly. I can't even imagine an era without middle men.
Many people try to avoid middle men for transactions just because it will become somewhat cheaper by directly sending to seller which I don't think is a good idea at all, as it increases the chances of a scam and online it becomes more common.
The idea having a middle men is filling the gap betweeen an end to end party. Intermediaries has a very important role in our life, in fact the simple store near your house is a business middle men or resellers.Some may find middle men an added expense, why require a middle men when you could just go directly? It does not work that way, middle men are generating from what the first end has gathered and so the other end would worry less. Also middle men can early smell the danger of scams and fraud, that's the only risk of middle men, they are fronting themselves for the other party.
I'm just very curious, what will happen to the middle men when the world already adopted the blockchain technology? They could be needed less when that happens? or the other way around?