no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain.
You cannot replicate the hash rate, therefore you cannot replicate the blockchain. All chains will have different security profiles based on hash rate. No chain will be equal to another. "The blockchain can easily be replicated" is another myth of bitcoin.
Uh, can you read? I said
the value is in the network effects. The hash rate isn't built into the blockchain... it's accumulated from the network effects, where the value lies.
It's the same with uber, facebook, and whatever else. They're valuable because people use it. The actual "technology" is not difficult to replicate. Learn to read, man.