Blockchain may not always be the best suitable technology for a particular problem. However, we observe that blockchain is applied in many initiatives where alternative technologies fit better. Here, adoption of blockchain appears to be an irrational choice.
If blockchain is indeed not the best technical fit in these initiatives, then what drives blockchain adoption?
In August 2018, I presented our work at the Sixth Workshop on Large Scale Distributed Virtual Environments (LSDVE 2018). We propose both technical as well as non-technical blockchain adoption drivers. In particular, these non-technical driver may explain the rationality behind the seemingly irrational choices.
Our paper can be found here: drivers-blockchain-adoption v1.0