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Advantages

  • They have no transaction costs, making them essentially free to create, store, and maintain.
  • They scale and perform entirely as a function of participants, not with any central system's capacity.
  • Because they are not persisted in any central system, there is no trove to protect.
  • -
  • Because only the parties to a given relationship know them, there is no concern about personal data and - privacy regulations due to third-party data controllers or processors. +
  • Because only the parties to a given relationship know them, concerns about personal data and + privacy regulations due to third-party data controllers or processors are much reduced.
  • Because they are not beholden to any particular blockchain, they have minimal political or technical baggage.