I never said I donāt get it, just implied it isnāt funny. And it obviously isnāt to many people here judging by the votes.
By using fancy terms and feeling the need to link an explanation (the link is broken, by the way) you now give it a self-opinionated flair. Maybe youāre the weird one.
OK. So, letās just assume, just theoretically, someone in your future letās you know you donāt have a great sense of humor, feel free to come back and read those comments again.
can you give me a like, more clear practical example of a good use of blockchain?
Do you see how all the answers are generic, tend to be long and read like a sales pitch? Thatās because the actual answer is: no, there is no practical legal application that isnāt better solved with conventional tech.
The only application that is successfully used in practice is paying for organized crime: buying goods and services on the dark web and paying for extortion like ransomware attacks.
Now add that trustlessness is impossible and you can scratch the blockchain box for good.
You cannot get rid of trust in some form. You need entry to the system, so you need to trust its gateway. You need to trust the network to not have some vulnerability like a 50% attack. And eventually you need to trust the developers not to add critical bugs (that alone is virtually impossible) or pull off some scam.
So, since you need to trust someone, might as well choose some government regulated party like a bank or a lawyer and choose conventional and efficient tech.