~snip~
I don't think it is even so for the tech
It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies
Yup, I have to agree with you. They don't believe the technology per se but they see it as a business opportunity that is why a lot of nobodies in the past are creating this crypto-startups hoping to be the next hit or at least be successful in the industry. Blockchain tech is still at its infancy and they are already trying to go from medical records to as far as upgrading the election system which is good if its successful but the problem here is it is really not yet a ready made system which we can use right away, if there are problems after the launch a lot of bad things can happen
The crypto startups you refer you are likely creating problems out of nothing
That is, at first you create a problem out of thin air (very much like banks create fiat money), then you try to successfully solve it. Well, actually you don't try to solve it as it doesn't exist for real in the first place, but you make it look like its real and urgently needs to be solved. This allows you to ask for grants (if you are a public institution like a university) or turn to fundraising (if you are a startup)
And the blockchain fits this scheme perfectly as it can be advertised as a modern snake oil effective against all current maladies and misfortunes (like poverty, corruption, and whatnot). It doesn't really matter whether it can actually be of help as it is not even planned to help solve anything at all
