Not sure it is an oligarchy but the rest of this sentence is probably the correct answer ("...where the goal is to sell printers and then keep making money by selling single use cartridges.").
Wow. Should we also say that people younger than 30 should not vote because they do not have the life experiences necessary to make rational decisions?
Or maybe children should vote, since they have all the future ahead of them. If there's a reason why education is ignored so much by governments it's because children don't vote
I agree with your sentiment. I do not see a scenario where financial institutions would agree to put their transactions into a distributed ledger with copies of the data (even encrypted) held by their competitors. If the financial institutions limit the ledger to computers within their control, what would be the benefit over a clustered database environment (I am assuming that most large financial institutions already have these).
The problem is without blockchain you don't have a meaningless buzzword to sell bullsh*t to banks. Blockchain is a vital technology for this.
Cryptocurrency is the future but I've never talked to more snake oil sales people than when talking to "blockchain" companies. I marvel at people's ability to sell nothingness
I worked in a consulting-type company for a bit and the most valuable lesson was that, generally speaking, nobody knows anything about anything. The most valuable institutions in the world have completely clueless people managing their tech and the ignorance only gets worse as you go up the chain.
It all boils down to "nobody got fired for buying IBM". Your blockchain initiative is only to get you noticed enough to get promoted or hired to a better position somewhere else. By the time anybody realizes how worthless it was you're long gone.