How does blockchain technology function as a delayering mechanism in commerce?

Blockchain serves as a delayering mechanism by allowing direct transactions between parties without third-party intermediaries. As Anthony Scaramucci explains, this eliminates middlemen and reduces transaction costs. For example, when sending money internationally, traditional services like Western Union charge 10% fees, while blockchain enables wallet-to-wallet transfers at minimal cost. Similarly, in retail purchases, blockchain could potentially eliminate multiple intermediaries like credit card companies and fulfillment services. This transformational technology enables value transfer between untrusting parties without requiring third-party permissions, ultimately saving money and improving efficiency in commerce.