Blockchain technology turned 10 years old in February 2019. Despite its evolution over this time, one key question still persists: Is blockchain technology revolutionizing production in ways that create value for the global economy? Let’s look at the data—at present, the assets managed on blockchains (referred to as ‘on-chain’) are basically a variety of coins/digital currencies, with a total market value of about $150 billion USD. Assets in these chains are generally characterized by high volatility and strong speculation, and fail to provide benefits for the global economy. In fact, since Satoshi Nakamoto, people have wanted to make these ‘coins’ a payment currency, but as of now they primarily serve as digital currencies and do not play a traditional currency role. A digital currency is more of a name than an actual operating currency itself.