Bitcoin is largely the only real and/or practical application right now. Everything else is snakeoil to me. And I’ll explain.
Let’s say you have a tokenized deed on some decentralized ledger, then what?
If you are dependent on a centralized body for security, then it’s a pointless venture to “decentralize” record keeping.
Just because you some private key to some piece of real estate doesn’t mean anything frankly.
To continue, Bitcoin itself hasn’t reached real/true decentralization, we are still working on it