Finally, most projects present blockchain as a pill for every malady. But does it really make sense for that particular industry? Is it possible to implement the same project without a native token? Is blockchain tech a decisive factor in the final products infrastructure, or it could work pretty much the same without all those distributed ledgers and smart contracts? Does it really disrupt anything but your patience for the word disruption?
The answer to all of this is 'No' for 90% of projects.
Most of the time, they simply tokenize their product as a way to draw money from the trigger happy ICO investors. However, this isn't 2017 anymore, and most of these projects find themselves struggling.
If blockchain is an afterthought, the project will likely fail. We need dedicated use cases that actually improve adoption and innovate on what is possible in the space.
However, people keep buying into projects simply because they know it will pump and dump, which is harmful in the long run since it sucks money from the promising projects.
At least it's not as bad as 2017!