[UweSchmidt]

There is no solution for the oracle problem: someone has to input the truth, and that entity can just run a database. End of story.

People made insane money with Bitcoin, Ethereum and others. People then dropped lots of other "coins" that eventually no one cared about. "Blockchain as useful technology" is the story to sell the next "coin". Employing a couple of devs and funding a few blockchain startups is trivial money in this context, often sponsored by "believers" (who got rich in the early days)

Blockchain tech comes with inescapable complexities and problems: bugs and security issues can't be fixed in blockchain programs. Any trivial action on the blockchain requires mining, i.e. the very thing that's done with specialized hardware in areas where energy is cheap.

My last point seems to be tangential, but do try it yourself with a small project on a private Ethereum chain, using geth, web3.js, there are good tutorials out there. Usually when you try out a fancy new tech you "get it" after a while, but I definitively did NOT see any way this is feasible.