And plenty of cuts are taken and taken and taken. There is an inherit inefficiency that exists right now because it is indeed necessary. The people, private systems and other parts that makeup the "trust" of it all that makes it work.

Now imagine we could do this in a public way that can't be cheated easily at all? We create new efficiency, ironically, by centralizing much of this on a globally distributed blockchain with computational rules enforcing the flow of business. Suddenly we don't need these companies because their most valuable asset, trust, has been automated away.

The business that figures out how to do this will claim the market of existing companies.

Software eats the world. Why wouldn't it continue to in a way that eats the existing software centralization?

It doesn't mean it's free but it certainly looks to have the ability to outperform current business models which came to be because they outperformed previous business models.