Correct. The specific innovation brought to us by blockchains is &quot;objective truth&quot; over subjective truth. We&#x27;ve had journaled, auditable, shared, and logged databases for years. Even PGP signed SMTP was a sufficient mechanism for transmitting shared data. The innovation of Blockchains are their proof of work mechanism by which truth is objectively determinable.<p>Oh - and of the thousands of blockchains out there, only one is worth a damn. The others are barely burning more than $10k per day in anchoring their objective truth.