Similar to how "god of the gaps" arguments work, there's a "god of complexity" phenomenon in tech, where people will project infinite possibilities onto technology they don't understand.
Blockchain is a brilliant solution to an extremely rare problem. It lets you do distributed consensus among untrusted nodes in a setting where contributing compute power is economically incentivized (e.g. where there's mining). That applies to cryptocurrencies, but basically nothing else.
It's amazing how much bullshit has been pitched under the flag of "blockchain". Millions of dollars have been poured into projects that are technically unsound or that had no use for a blockchain to begin with. This has been going on for years.
Blockchain is a brilliant solution to an extremely rare problem. It lets you do distributed consensus among untrusted nodes in a setting where contributing compute power is economically incentivized (e.g. where there's mining). That applies to cryptocurrencies, but basically nothing else.
It's amazing how much bullshit has been pitched under the flag of "blockchain". Millions of dollars have been poured into projects that are technically unsound or that had no use for a blockchain to begin with. This has been going on for years.