So what are some of the use cases we are seeing in the market ? I’m seeing some in supply chain, some in identity management.

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*crickets* blockchain is only useful where you don't want a centralized party to control the data. Use cases are few and far between. Anything else could have a highly scalable database

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... and isn't replication across nodes a defining characteristic of distributed ledger? Still not sure what benefit distributed ledger has over 'traditional' db...

Why use a blockchain for this? Couldn't you pay for a service that serves this data on your behalf?

The elephant in the room that in almost all cases, blockchain is inefficient and not fast enough to compete with centralized solutions

Unfortunately, it's a fundamental element of the design. It will get faster, but never be as fast as centralized. Think smartphones vs a desktop. Even then, the more decentralized it is, the slower it will be, which is part of the reason Facebook opted for a more centralized model using LibraBFT. I have yet to see (legal) applications which require decentralization of any kind

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