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To the first, there are a vast number of legal applications for blockchains.
To the second, it's not the same tech as it was 14 years ago. There have been a lot of advancements over that period.
If you trace ActivityPub's lineage back to its origin, it's 14 years old too - it started as OpenMicroBlogging in 2009. It then became OStatus, which became standardized as ActivityPub. It's barely the same thing any more. The same thing has happened with blockchains, the version of Bitcoin that launched in 2009 is nothing like the cutting-edge stuff like Ethereum is these days.