Distributed, peer to peer, is worse. Everything that uses it, as a suite of technologies ranging from torrents to Freenet to bitcoin, only does so because a simpler, cheaper, central alternative is somehow seen as bad. In general, because it would be raided by The Man.
Blockchain, is worse. You could do everything it does, cheaper and better, without it. Except the bit about lawlessness, but the whole NFT gold rush has no need for that.
For any use that doesn't actually need to evade The Man, you can always make your system work better by pulling more and more of it into centralisation and out of the blockchain. Therefore, the final "victory" of the blockchain will look exactly like its obsolescence.
Unless you want to buy contraband, of course.