an interesting way of describing a crypto blockchain like bitcoin or ethereum is that it's a way of incentivizing the storage and preservation of information. In particular, the information of a transaction from one address to another is attached with it a fee for storing it. Your "much simpler solutions" require a trusted third party that has no financial incentive to keep your information around, and depending on the lifetime of your needs may not persist long enough. 10 years ago your solution may have involved myspace or further back geocities or tripod, which are defunct / have refreshed their databases. Spending under 10 cents on a miner fee to store your hash is also a much better solution and cheaper solution than the lawyer escrow. Lawyer escrows and safes are vulnerable to local information loss that bitcoin/ethereum protects against through federated datastores (lots of important papers stored in the world trade center were destroyed on 9/11).
For ~20$ you can publish a hash in a classified ad. That's highly likely to outlast any and possibly every block chain you care to name. Further, because the way hash functions work you can use a single hash to timestamp unlimited amounts of information or individual documents.
This has been true for the last 30+ years yet almost never happens because it's not actually that useful.
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an interesting way of describing a crypto blockchain like bitcoin or ethereum is that it's a way of incentivizing the storage and preservation of information. In particular, the information of a transaction from one address to another is attached with it a fee for storing it. Your "much simpler solutions" require a trusted third party that has no financial incentive to keep your information around, and depending on the lifetime of your needs may not persist long enough. 10 years ago your solution may have involved myspace or further back geocities or tripod, which are defunct / have refreshed their databases. Spending under 10 cents on a miner fee to store your hash is also a much better solution and cheaper solution than the lawyer escrow. Lawyer escrows and safes are vulnerable to local information loss that bitcoin/ethereum protects against through federated datastores (lots of important papers stored in the world trade center were destroyed on 9/11).
For ~20$ you can publish a hash in a classified ad. That's highly likely to outlast any and possibly every block chain you care to name. Further, because the way hash functions work you can use a single hash to timestamp unlimited amounts of information or individual documents.
This has been true for the last 30+ years yet almost never happens because it's not actually that useful.