We totally misunderstood Blockchain (Part 2)

[jennysmith]

Why are public chains with the true spirit of decentralization fading away while early adversaries have turned into advocates of the technology?

✅ The real use of Blockchain

Commercial concerns: Where several competitors need to collaborate, Blockchain offers the ideal medium to cooperate in a trustless environment without giving too much power to one party. Decentralization also prevents one side from overcharging for their middleman services.

Security concerns: Blockchain comes with built-in redundancy, encryption, synchronization and tamper resistance. Thus, Blockchain offers one of the best methods to preserve data.