What does an industry with thousands of different major players have to gain by coming together to give a single company a monopoly over their entire industry? And in fact, one of the biggest strengths of blockchain is that it provides a viable alternative to monopolies for various industries.
> A trusted third party, with an immutable transaction ledger
This is overall great. QLDB is necessary for a lot of things, and it will be useful for a lot of the stupid 'blockchain' projects to be displaced by a better technical solution.
Now cryptocurrencies and blockchains are exactly what they are: a decentralized version of this. I believe that decentralization has some use cases that are extremely important. Now it can stand on its own, without being conflated with verifiable ledgers.
Using a private blockchain has the same issue of trusting a third party. As soon as someone has control of who can write to the ledger, you need to trust them, period.
What does an industry with thousands of different major players have to gain by coming together to give a single company a monopoly over their entire industry? And in fact, one of the biggest strengths of blockchain is that it provides a viable alternative to monopolies for various industries.