Why should this be your concern
A new technology is launched and is creping into our financial institution gradually it might not necessarily replace the fiat currency but one this i am excited about is that on the long run it will spring up innovations to improve on the centralization issues and still give more edge to bitcoin adoption either as a technology, a currency , an asset or a network which ever way Bitcoin will get more adoption. cheers!!
It's time to stop calling Bitcoin "new technology". It's 13 years old. And blockchain hype started in 2015, so it has been 7 years since that.
what has bitcoin got to do with this:
Satoshi has cleared the doubt that transparent, well trusted and reliable database can be generated in a decentralized network where no central third party serve as an intermediary how? it is simple by solving the Byzantine General's problem which is a process where a collective network of individuals or central authority tries to effect a change, follow a course of action or make a general agreement on the state of a system on a highly compromised and unreliable network.
Except blockchain doesn't really work outside of Bitcoin. The point of mining is to synchronize a large and open network of nodes. If it's a small private network, you don't need that. So blockchain minus mining is just a data structure that is append only, which is rather primitive and not desirable in many cases, because it's redundant and doesn't allow changing the data.