11 lines
1.0 KiB
Markdown
11 lines
1.0 KiB
Markdown
# Is the underlying technology of "blockchain" useful for non-monetary purposes?
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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.
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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.
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## References
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* [@orlowski_blockchain_2018]
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* [@rauchs_2nd_2019]
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* [@bindseil_encrypted_2022]
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* [@olson_problem_2022]
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* [@diehl_case_nodate] |