Is the underlying technology of "blockchain" useful for non-monetary purposes?

The technical purpose of blockchains is to create censorship resistent networks for the issuance of crypto asset for regulatory arbitrage of securities law and illicit financing purposes. There is no proven use case for the technology outside of scofflawing.

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/.
  2. Rosenthal, David. n.d. ‘Stanford Lecture on Cryptocurrency’. Accessed 2 March 2022. https://blog.dshr.org/2022/02/ee380-talk.html.
  3. Jeffries, Adrianne. 2018. ‘Blockchain Is Meaningless’. The Verge 7: 2018. https://www.theverge.com/2018/3/7/17091766/blockchain-bitcoin-ethereum-cryptocurrency-meaning.
  4. Stinchcombe, Kai. 2017. ‘Ten Years In, Nobody Has Come Up With a Use for Blockchain’. Hackernoon. 22 December 2017. https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100.
  5. ———. 2018. ‘Blockchain Is Not Only Crappy Technology but a Bad Vision for the Future’. Medium (blog). 9 April 2018. https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec.
  6. Pollock, Rufus. 2016. ‘Reflections on the Blockchain · Rufus Pollock Online’. 2 July 2016. https://rufuspollock.com/2016/07/02/reflections-on-the-blockchain/.
  7. Orlowski, A. 2018. ‘Blockchain Study Finds 0.00% Success Rate and Vendors Don’t Call Back When Asked for Evidence’. The Register. https://www.theregister.com/2018/11/30/blockchain_study_finds_0_per_cent_success_rate/.
  8. Manski, Sarah, and Michel Bauwens. 2020. ‘Reimagining New Socio-Technical Economics Through the Application of Distributed Ledger Technologies’. Frontiers in Blockchain 2 (January): 1–17. https://doi.org/10.3389/fbloc.2019.00029.
  9. Pardo-Guerra, Juan Pablo. 2019. Automating Finance. https://doi.org/10.1017/9781108677585.
  10. Rauchs, Michel, Apolline Blandin, Keith Bear, and Stephen B McKeon. 2019. ‘2nd Global Enterprise Blockchain Benchmarking Study’. http://ssrn.com/paper=3461765.
  11. Diehl, Stephen. 2021. ‘Blockchainism’. 11 December 2021. https://www.stephendiehl.com/blog/blockchainism.html.
  12. Diehl, Stephen. 2021a. ‘The Non-Innovation of Cryptocurrency’. 7 July 2021. https://www.stephendiehl.com/blog/non-innovation.html. ———. 2021b. ‘The Handwavy Technobabble Nothingburger’. 24 November 2021. https://www.stephendiehl.com/blog/nothing-burger.html.
  13. Plant, Luke. 2022. ‘The Technological Case against Bitcoin and Blockchain’. Luke Plant’s Home Page. 5 March 2022. https://lukeplant.me.uk/blog/posts/the-technological-case-against-bitcoin-and-blockchain/.
  14. Weaver, Nicholas. 2018. Blockchains and Cryptocurrencies: Burn It With Fire. Berkeley School of Information. https://www.youtube.com/watch?v=xCHab0dNnj4.
  15. White, Molly. 2022a. ‘Blockchain-Based Systems Are Not What They Say They Are’. Molly White (blog). 9 January 2022. https://blog.mollywhite.net/blockchains-are-not-what-they-say/.
  16. ———. 2022b. ‘It’s Not Still the Early Days’. Molly White. 14 January 2022. https://blog.mollywhite.net/its-not-still-the-early-days/.
  17. Bindseil, Ulrich, Patrick Papsdorf, and Jürgen Schaaf. 2022. ‘The Encrypted Threat: Bitcoin’s Social Cost and Regulatory Responses’. 7 January 2022. https://www.suerf.org/docx/f_88b3febc5798a734026c82c1012408f5_38771_suerf.pdf.
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