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# Is the underlying technology of "blockchain" useful for non-monetary purposes? # Is the underlying technology of "blockchain" useful for non-monetary purposes?
Blockchain technology, detached from the sale of tokens or [crypto assets](../concepts/cryptoasset.md) a has shown no track record of providing benefit for any real world applications. So-called [permissioned blockchain](../concepts/permissioned-blockchain.md) solutions offer no benefits over traditional database solutions and introduce a great deal of additional complexity for no value add.
The technical purpose of blockchains is to create [censorship resistent](../concepts/censorship-resistence.md) networks for the issuance of [crypto asset](../concepts/cryptoasset.md) for [regulatory arbitrage](../concepts/regulatory-arbitrage.md) of [securities](../concepts/security.md) law and [illicit financing](../concepts/illicit-financing.md) purposes. There is no proven use case for the technology outside of scofflawing. The technical purpose of blockchains is to create [censorship resistent](../concepts/censorship-resistence.md) networks for the issuance of [crypto asset](../concepts/cryptoasset.md) for [regulatory arbitrage](../concepts/regulatory-arbitrage.md) of [securities](../concepts/security.md) law and [illicit financing](../concepts/illicit-financing.md) purposes. There is no proven use case for the technology outside of scofflawing.
## References ## References
1. Schneier, Bruce. 2019. ‘There’s No Good Reason to Trust Blockchain Technology’. Wired Magazine. https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/. 1. Schneier, Bruce. 2019. ‘There’s No Good Reason to Trust Blockchain Technology’. Wired Magazine. https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/.
1. Rosenthal, David. n.d. ‘Stanford Lecture on Cryptocurrency’. Accessed 2 March 2022. https://blog.dshr.org/2022/02/ee380-talk.html. 1. Rosenthal, David. n.d. ‘Stanford Lecture on Cryptocurrency’. Accessed 2 March 2022. https://blog.dshr.org/2022/02/ee380-talk.html.