QBlockchain network would make it impossible to bypass the traditional financial intermediaries.
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Explanation
False.
Blockchain networks have the potential to eliminate the need for traditional financial intermediaries such as banks, although it depends on the specific use case and implementation. Blockchain networks allow for direct peer-to-peer transactions without the need for intermediaries to verify and settle transactions. This can significantly reduce transaction costs, increase transaction speed, and improve financial inclusion, particularly for individuals or businesses that may not have access to traditional financial services. However, blockchain networks may still require some form of regulation and oversight to ensure compliance with laws and regulations, particularly in the areas of anti-money laundering (AML) and know-your-customer (KYC) requirements.
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