But in this case you do trust the entity. And the idea that a blockchain magically makes corruption not happen is a bit silly. You can't replace trust with tech. Blockchain is a HIGHLY specialized tool. And like all highly specialized tools, it's use cases are actually few and far between. I personally think @Jean-Michel Fayard's response is 100% spot on. People keep wanting to come up with ways to use blockchain, simply for the sake of using blockchain. I'm not saying blockchain is useless, I'm saying it is highly specialized and hard to find the right niche to apply it to. There is a LOT of hype around blockchain right now. Doesn't mean it is actually as "world changing" as people make it out. It is in fact just couple fairly old technologies creatively wrapped together in a creative way...
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But in this case you do trust the entity. And the idea that a blockchain magically makes corruption not happen is a bit silly. You can't replace trust with tech. Blockchain is a HIGHLY specialized tool. And like all highly specialized tools, it's use cases are actually few and far between. I personally think @Jean-Michel Fayard's response is 100% spot on. People keep wanting to come up with ways to use blockchain, simply for the sake of using blockchain. I'm not saying blockchain is useless, I'm saying it is highly specialized and hard to find the right niche to apply it to. There is a LOT of hype around blockchain right now. Doesn't mean it is actually as "world changing" as people make it out. It is in fact just couple fairly old technologies creatively wrapped together in a creative way...