Can you explain how having shares/coins in the blockchain increases transparency/authenticity? Easily audit-able records would exist just the same if you bought your shares via wire transfer.
So imagine an ICO company that has a premine. You know the address of all their funds that they raised, and you know all the funds that are held through their premine. You can easily track the money to make sure nothing fishy is going on. This isn't that big of a deal for a tiny company, but imagine this for a huge corporation or government body.
All of them CAN produce auditable records for the consumer, but they don't, blockchains force the issue.
All of them CAN produce auditable records for the consumer, but they don't, blockchains force the issue.