One of the challenges that’s often levelled at blockchain is that it’s a solution looking for a problem.
And that even the most hardcore aficionados of the technology will have to admit there is some truth in this adage. No one has ever woken up in the morning and said, “I need a blockchain, and if I don’t have one, my business will go bankrupt.” Indeed, there’s a wide variety of electronics and data engineers of all hues that will tell you that there are plenty of conventional digital database solutions that will solve any problem that blockchain can.
But the ability to replace existing solutions should never be the benchmark for a new piece of technology.