Transparency will be the new normal in the future where both the provider and the client will have real time access to information. This may take decades as the infrastructure is built out and dynasties die. Just think of going to the doctor and uploading your medical files while the doctor is also reviewing your medical history. We can be assured the information is valid because no one individual can alter the information.
Security will enhance the transaction experience of both the client and the service or material provider. Think of making a real estate transaction where both the seller and buyer can simultaneously verify the escrow anywhere in the world without signing stacks of documents that hardly are even read by most participants. Or deeds being recorded with all the easements and rights at your finger tips being assured it meets standards with verified provenance.
The previous paragraphs illustrates the increased efficiency by demonstrating the ability to readily access information. Also, automation of the supply chain from start to finish will further advance the already existing tracking system and could show where inefficiencies lie when there in, as an example, perhaps to much globalization is utilized in a products overall production.
Again the reduced costs are illustrated in the previous examples where simply less layers of “management” will be required to facilitate overall operations.