Franklin Templeton: The real value of cryptocurrencies and blockchain is to reduce the cost of trust

Franklin Templeton published a blog post stating that the true value of cryptocurrencies and blockchain is their ability to reduce the cost of trust by eliminating trusted intermediaries and enabling trust minimization systems, which is further amplified by the additional features and applications brought by these technologies. this core advantage. As intermediaries are eliminated from economic activity, all remaining actors involved in the process realize substantial economic savings. Cutting out middlemen means fewer people to feed and greater cost efficiencies. Additionally, fewer parties naturally lead to lower counterparty risk.