Earlier quoted context omitted.
I'm gonna keep saying this forever - there are two obvious "killer apps" for crypto: 1. Semi-private blockchains, where you can rely on an actor not to be actively malicious, but still want to be able to cryptographically hold them to a past statement (think banks settling up with each other) 2. NFTs for tracking physical products through a logistics supply chain. Every time a container moves from one node to the nex…
AFAIK both of these use cases had many millions of invested dollars dumped into them during the Blockchain hype and neither resulted in anything. It might not be an exact match for (1), but there was famously the ASX blockchain project[0] which turned out to be a total failure. For (2), IBM made "Farmer Connect"[1], which is now almost entirely scrubbed from their website, which promised to do supply chain logistics…
FWIW if you know anything about the ASX, you'll know that the failure was a result of the people running the ASX and not necessarily the tech behind it.