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The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy
(davidgerard.co.uk)
this post was submitted on 12 Jun 2024
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By this point, I think it's pretty obvious that blockchain doesn't have any good use cases beyond financial speculation and scams/fraud.
It has one legitimate use case that I can think of. Immutable audit logs, even then there are better options.
Careful not to conflate things like hash trees with Blockchains. The former do get used for stuff like certificate transparency logs right now, because it is a sensible technology. Blockchains could do exactly the same thing (because they’re based on the same underlying principle), only with much more expense and waste, so there’s basically no point.