The Swissblock cooperative enables direct transactions between the participants without the need for a third party to intervene. These “middle men” such as banks or notaries are therefore no longer necessary. This technology is particularly attractive in regions where the infrastructure is not yet so well developed or where there is a lot of corruption. The participants can rely on secure transactions. By passing these middlemen and conducting business without detours also reduces the costs that this intermediary often incurs. In addition, the direct transaction is often much faster.
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