You've got the right idea. Hyperledger and R3's Corda [1] are where it's at for distributed ledgers (fast and cheap, as you say). Blockchains add censorship res

You've got the right idea. Hyperledger and R3's Corda [1] are where it's at for distributed ledgers (fast and cheap, as you say). Blockchains add censorship resistance and that's their primary feature, not a weakness as you state. You can put in ledger entries and know that no one will arrest/kill you for it, and because anyone in theory can be a transaction validator, all ledger entries get validated. This means the tech is not useless but it's a whole different market. Hyperledger and Corda are to make the existing financial networks more efficient. The blockchain is a new financial network for censorship resistant transactions (think activism, capital flight, buying drugs, scamming people, political donations, etc.). [1] https://www.corda.net https://www.corda.net