[tgjsrkghruksd]

Cloud skepticism was never on the level of blockchain skepticism.

Cloud solves a real problem of scalable and efficient resource allocation and provisioning for distributed applications, as you note, in both public and private cloud settings, a problem and concept well-understood in the research community that long predates "cloud" as an enterprisey business buzzword.

And as applied, e.g. to centralized financial institution ledgers, cloud skepticism has born out. Workhorse mainframes are still doing bread-and-butter work in mission-critical settings just fine. Where they are "modernized" it is not always to anything resembling "cloud" configuration.

Blockchain, on the other hand, "solves" the invented problems of cypherpunk, crypto-libertarian fantasy. There is essentially no application where it has met with unqualified success or demonstrated advantage outside of the criminal underworld. Bitcoin did very much help make monetized ransomware a thing, so there's that.