No, I see blockchain as a social technology. The current, trusted system for tracking ownership is a state-governed system. The account balances we have, share

No, I see blockchain as a social technology. The current, trusted system for tracking ownership is a state-governed system. The account balances we have, share registers of companies, residential property registries, etc. Blockchains offer an alternative system (outside of government run systems) to keep track of ownership. Now, in my opinion there's little to gain of replacing those existing systems - they are working just fine. But for a new asset class (notably digital assets) blockchains will work very well. Again, the important change is the change in social consensus. If you told someone 5 years ago that you hold a certain token on the Ethereum blockchain nobody would have cared. If you today ran a registry of tokens on your github repository nobody would care. But if you hold a token today on the Ethereum blockchain then people are willing to pay for it.