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Re:Blockchain: Is it all about cryptocurrency? by retrac on Saturday November 19, 2022 @01:16PM (#33672951)
Blockchains are algorithms to create public, redundant, distributed, immutable transaction logs without a central authority or transaction processor. I've thought long, long and hard about what would benefit from this kind of algorithm and the only thing I can come up with is ownership of cryptographic keys, and the only use case I can come up with for wanting a distributed trustless public immutable ledger of the transfers of cryptographic keys -- is a cryptocurrency or other token-like scheme!

Otherwise it is a solution in search of a problem. Distributed and redundant, but with enormous inefficiency. Immutability is actually a drawback in many cases. Most proposed uses like inventory tracking or etc. are much better served with a centralized database.

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