In an earlier blog, I questioned the real world uses of crypto technology and issues behind it.

Glorified cloud based database-Private Block chain

after 10 years of bitcoin development, there is not a single viable product still in the market. There are good use cases of the technology, but what has happened is businesses including IBM,Microsoft and so on has created this "private block chain" in house or a fork of public chains like Ethereum. There is "private consensus and no cost ", this really is not a block chain, they offer a glorified cloud based database. Unfortunately, corporations fall for this and there is lot of trails happening. But the fact is its not something that cannot be done with existing database.

Why public block chain is unattractive to business

Its decentralized, its against the way any existing business or central banks operate. instead of disrupting this, Block chains including ethereum are aiding this. its understandable that adoption takes time and a bridge is required but I think the way things are going, it might just kill the block chain innovation altogether