RE: Fundamentally transactional - The business of documents
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One thing that blockchain needs to do is somehow increase the amount, and type, of information that can be stored in a file. Right now size is the limiting factor, and as for type it is mostly only text that can be stored, no x-cell sheet, no pdf files, no formatted Word Documents.
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For a business, this doesn't matter as much as the information can be stored in harddrives, with the "blockchain" they use just tracking where it is all stored. It isn't quite the same as what is happening here, but works for their purpose.
I can see it working that way, kind of like a card catalog in the library, where in stead of wandering all around looking for a particular book you just look in the card catalog and find it's location.