why many of so-called blockchain projects these days are scammers, is this was motive behind the technology? many real investors are not confident to participate due to fake blockchain projects all over the internet.
what are your views
A lot can be done if there is a will. But as of now no one cares and the scammers are having a free run. I am afraid that now it is too late to rescue the ICO sector. The number of new ICOs listing every month has fallen to a small fraction of what we had in 2018, and most of the investors have decided not to participate in this sector anymore due to bitter experiences in the past.
A few simple regulations could have rescued the ICO sector, such as making third party escrow mandatory for the projects. But the investors continued to pour in their money in to shady projects, and this actually encouraged the scammers. Rather than those who are behind these scam projects, I would say that most of the blame should fall on the investors. If they had been a bit more cautious, then the situation could have been much different now.