The 4 biggest blockchain strengths are also its weakness
Permissionless nature leads to fragmentation of meaning
Decentralization leads to too many standards
Immutability leads to exponential data + query infrastructure complexity
Neutrality means that no one is accountable for interpretations
Blockchain data is public. It is not usable at institutional scale. Despite being open, blockchain data is fragmented, hard to interpret, and painful to maintain. Even a simple question like “Who are the largest Ethereum token holders over time?” can require running nodes, ingesting full chain history, decoding contracts, cleaning edge cases, and writing complex SQL.
Blockchains are optimized for writes, not reads. They are built for consensus and execution, not searchability, standardization, or financial
are computers, not databases. Every protocol defines its own schema. The same economic action can be encoded in dozens of different ways. The result:
Fragmented standard...