I’ve been skeptical for a while now about how everything seems to be solved by “blockchain”. Bozhidar Bozhanov seems to share many of my thoughts and wrote them up already:
I can’t see why it would be useful to abandon a centralized database that you can query in dozens of ways, test easily and scale trivially in favour of a clunky write-only, low-throughput, hard-to-debug privacy nightmare that is any public blockchain.
I can see how a pseudo-public blockchain can, for instance, be useful as a clearing-house mechanism between banks, but for now I’ll stick with a regular bank myself. They’re not perfect, but I think the time society has spent on regulating banks, and the service banks provide here in The Netherlands and Europe, still give me a lot more ease of use and peace of mind than the yahoo libertarianism of many blockchain advocates.