Since the era of ICO's there is so many blockchain projects that call themselves some revolutionized project which aim to solve a problem using blockchain. But by looking at some of them blockchain is clearly not the way to implement the solution. People seems to do it since ICO's are easy money now a days.
Is the ICO's are killing the blockchain and Satoshi's dream? You can read more in this Quora thread.
https://www.quora.com/Is-Blockchain-overratedWhat do you think
Yes, blockchain is indeed VERY overrated as of right now.
The hype around it right now is so big that everyone wants to profit from it. Institutional, but also scammy startups.
You currently have ICO's for the weirdest things, My guess is that out of 100 ICO's right now, 50 are an outright scam, and many more are just as useless.
You can simply scroll through something like Coinschedule and see these kinds of ICO's,
https://www.coinschedule.com/ico/greenx#event3059 What exactly is the usecase for this ICO?
GreenX Network is a blockchain ecosystem that enables individual and institutional investors to discover and invest in lucrative, low-risk renewable energy projects around the world.
So what is the blockchain for? It seems to me that this is just an index fund for renewable energy projects/companies, with a layer/blockchain flavour attached to it.
(Good luck ever making profit off that ICO, btw..!)