Moving towards frictionless business networks

Century after century, innovations eliminated sources of friction by reducing the inefficiencies that held back progress. This is how, by example, that the first letters of credit, in the fourteenth century, established new foundations to build trust. Much later, the invention of telephone enabled real-time voice communications over great distances. The Internet, in turn, has propelled at speed of light which until then was only a slow approach intended to dispel friction. Technology specialists and economists have then began to anticipate a world where friction would have disappeared. In theory, friction could be "digitally eliminated". The internet has actually reduced some of them, like costs transactions, for example. However, even if some forms imperfect information has been corrected, the problem has not been completely resolved. Certain latent frictions are substantial. Obviously, they have become a competitive issue between start-ups that compete to capitalize on their elimination. At the same time, other frictions have developed. In this regard, the contradictions in international regulations hamper globalization. Preventing new threats, including

Cyberattacks are expensive, and disaster recovery is even more expensive. The ecosystems are suffocated by different intermediaries always inclined to get their share of the cake. On the positive side, a new technology, the Blockchain, promises to eliminate, or at least reduce significantly, these residual frictions.