tl;dr no. I literally put up something about this just this evening: https://davidgerard.co.uk/blockchain/business-bafflegab-but-on-the-blockchain.html https:/

tl;dr no. I literally put up something about this just this evening: https://davidgerard.co.uk/blockchain/business-bafflegab-but-on-the-blockchain.html https://davidgerard.co.uk/blockchain/business-bafflegab-but-... Many blockchain schemes promise the magic of full availability of properly cleaned-up data. The actual problem in every case is cleaning up the data in the first place; the barrier that such efforts founder on, over and over, is that no industry’s players want to create such a new monopoly. The proponents’ business goal is usually to become the organisation effectively controlling the newly cleaned-up data, with a monopoly maintained by network effect. If your big goal is cleaned-up data across multiple organisations, the approach that will get you there is creating a data schema that is so obviously and elegantly the right thing that everyone just adopts it themselves, and a regulator eventually says “hey, use this schema.” Note lack of blockchains. (This is the usual approach in computing, though even there companies routinely try to set themselves up in the role of central octopus.) Supply chain provenance is a perennial proposed use case. e.g., Provenance, Inc. is a London startup who offer to put data about tuna catches on the Ethereum blockchain. They claim to offer supply chain transparency to all participants, and this will reveal illegal overfishing or fishing that involves human rights abuses. The actual problem turns out to be no agreement on what data to collect or what to do with it. The data would still be entered by local humans under the auspices of “trusted” local NGOs – who would be paying monthly for the necessary software – on the apparent assumption that commercial operations engaging in illegal overfishing or human rights abuses will certainly carefully document their human rights abuses in the blockchain and not have strong incentives to just lie or something, or bribe the “neutral” adjudicators, as already happens in current supply chain monitoring. The main byproduct of this sort of scheme is a monopoly for the traceability provider, i.e. Provenance. As IBM found out after starting Hyperledger, all manner of businesses – financial institutions, beef industry, shoe brands, confectioners – don’t want to share data even with all participants in their blockchain, but only with the people the specific deal is actually with. Funnily enough. This was apparently news to them. It turns out that IBM set up an elaborate hammer design consortium without first finding out if there are nails. The precise same considerations, goals and problems will apply in this case. In all these schemes I've seen to date (and let me assure you I've read horrible PDF whitepapers out to here), the aim of the scheme is to sell someone thousands of contracting hours by convincing them you can help them become the controlling octopus at the centre of their industry.