Prince of Liechtenstein: blockchain can greatly reduce transaction costs

According to the Eurasia Review, recently, Prince HSH Prince Michael of Liechtenstein said in an interview that the blockchain decentralization system has a great advantage, that is, individuals in central institutions (such as state agencies) or some private providers (such as Banks, notaries, etc.) become more independent there. The economic advantage will be to greatly reduce transaction costs. The blockchain will be successfully applied in many areas, but its maturity will take time.