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Benefit of the hindsight
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this post was submitted on 02 Jun 2025
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The blockchain is distributed.
For example, you might use it as a trademark registry or to certify a chain of legal evidence. You can validate a presented copy matches the original and what the chain of ownership was. And you can do this without the single point of failure of a nationwide database
Who holds and validates the original you're comparing to?
That’s the point, a use case where no one has to. It’s only the record of ownership.
And clearly you’d still need to make arrangements to prevent multiple chains of ownership for a copied artifact
NFTs make the mistake of assuming that somehow makes it unique, forgetting you can just copy the original. However these use cases work from the opposite direction: given an accused infringement, does that match?
Consider the current use case for trademark. Someone creates a trademark and registers with an authority. At some point they may renew modify, or sell. After some time, that authority has a database containing the original and a chain of ownership. Blockchain could serve this identically, with the potential advantage of the chain being self contained and distributable
That is not how the chain has worked or could ever work. There is a reason after over fifteen years people are still speculating how blockchain can be useful.