0 the situation in which sellers and buyers of financial products deal directly with each other, rather than using banks, etc.: --
1 the situation in which manufacturers sell directly to consumers, rather than through stores, etc.: --
Throughout Europe, governments are anticipating a devastation of the retail sector workforce caused by 'disintermediation': the elimination of the middleman.
Its commercial model should make it a poster boy for the disintermediation of publishers and the direct to consumer distribution channel in which so many developers place their hopes.
One feature of this development is disintermediation.
Local services, local production and local agriculture, based on distributed energy generation, additive manufacturing and vertical farming, are enhancing individual, community and regional autonomy through self-service, disintermediation and mass customization.
Outsourcing to customers is a natural and necessary self-organizing process, including disintermediation, customer integration and mass customization, all driven by the global productivity at the cusp of transformation.
Before disintermediation, supply chain middlemen acted as salespeople for the producers.
The result is disintermediation, in which the manufacturer suffers.
Eventually, this pre-eminence would be undermined by technological and economic changes that would eliminate the advantages of the entrept and promote disintermediation.
Early peer-to-peer lending was also characterized by disintermediation and reliance on social networks but these features have started to disappear.
