You mean it claims to. In reality, these will be centralized things under management or control of companies with an ecosystem interacting with them. Regulators and lawyers will step in to do their thing. The result is... another set of authorities giving us problems. That&#x27;s what future it&#x27;s looking like will happen.<p>Of course, the problems on authorities&#x27; side might be better or worse with the new models. Nonetheless, my argument is that these blockchains are essentially a combination of specific tech, ledgers, distributed verification, <i>cooperation</i>, and incentives on infrastructure side. You can do all that without blockchains using simple, dumb tech with different organizational structure &amp; participation rules.