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RE: Why are blockchains valuable?
I think it comes down to dezentralization and transparency. In a world of misstrust and negative feelings towards governments and institutions like banks or big companies it is something people love. The blockchain can help to reinstall the trust many people seek.
As a bonus an indirect effect, the new technology also applies pressure on those.
Look at germany f.E. - A few months after the big crypto boom, the banks suddenly install a system where near-instant transactions become available. If there would be no other options like cryptos, I doubt that mice would have been done that „fast“ as well.
U mention governments. But how is value created?
Trust is value
If you have a tool (the BC) that helps you to be trusted by people, this is really valuable itsself imo.
A company trusted by people will sell more.
A service being trusted will be used more.
A government being trusted will be voted more.
So I would say all of those rise in value due to increased trust. Blockchain creates trust. Trust creates value.
Data is value
Additionally, data and content is value. If people store theirs on your Blockchain, its’ value rises. Some of the biggest companies in the world are that big because of the data they have stored.
So I would say the Blockchain can be a useful tool for companies, applications and goverments to create value, which makes it a valuable tool itself.