If you're arguing to put everything in a spreadsheet, or have us control the database and do without timestamping, I don't know what to say to you. Blockchain works here. Our business model isn't changing because you're saying we don't need it. Build a system like this yourself and we'll talk about it then.
Carfax is a vertically integrated service with very little of the complexity we're dealing with. And of course you can make do without blockchain. People made do without electricity and power tools. But here it's a cheap, faster, easier to use, and more trusted alternative. What's wrong with that?