So it's all peer-to-peer? There's no central authority or intermediaries to authenticate and manage the transactions?

所以都是点对点的？没有一个中心权威或中介机构来认证或者管理交易吗？

Financial institutions act as intermediaries between lenders and borrowers.

金融机构充当贷方和借方的中间人。

The main characteristic of direct exports entry model is that there are no intermediaries.

直接出口输入模式的主要特点是没有中间商参与。

Not all intermediaries are untrusted.

并不是所有中介都不可靠。

Another example is the use of intermediaries.

另一个例子是使用中介。

Knowledge of intermediaries supported by service provider.

了解服务提供者所支持的中介体。