An example of is with airlines and hotels operating their own reservation sites online, removing the organization or business process layers responsible for the intermediate steps in the value chain.

disintermediation

Explanation:

Disintermediation -

It is the method of the removal of the intermediary people or middle men , like brokers , from the future transactions , is known as disintermediation .

It can also be the removal of certain process steps or some funds is also the process of disintermediation ,

hence , from the question , the example of disintermediation is shown .

The removal of the intermediaries can lead to lowering of the overall cost and can even increase the transaction time .

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