Blockchain = overhyped buzzword making people not understand that well configured database systems can work just as efficiently.
Blockchain is a money cow, it's used as a smart marketing tool to raise capital startups and regular businesses otherwise wouldn't be able to raise. Ripple has been providing smart database solutions to financial institutions for a while now, and they can run their own token within that environment to move value from point A to point B.
Ripple CEO even said that blockchains aren't even useful or a better alternative, and when you know that this is factually correct, what more evidence is needed to show that corporate use of a blockchain is nothing more than hot air? They don't even want immutability.
The real innovation of the blockchain kicks in when you talk about decentralized (immutable) ledgers.
I agree to some extent, but without the possibility of blockchain how do you plan on setting up a decentralized system?
Blockchain comes into picture when you need a setup where the data is highly available but you are not the only one paying for it, where you would never want/need to modify data in the past and your data needs to be immutable and where you would want it to be publicly accessible. This is why crypto relies on blockchain.
But if you take only take record keeping (within your network) as aim, I agree its better to use any database and blokchain doesn't really fit into the picture.