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> Good project managers are so important.

That's more an issue with Product Management.

It could also be an issue for Program Management or even Engineering Management. All of those roles can be flexible from company to company, and many companies do not staff every effort with all of those roles.

Good PMs would be replaced when they say a firm no in such top down projects

Yeah that my thougt as well. That type of things fall from the sky on PM and they have to deal with the new direction.

Maybe product director / VP or whatever

> So, complete feature duplication of the core, mission critical application.

A requirement likely put in place by someone who realized that even if executed properly, a blockchain solution would do no better than what the "legacy" RDBMS already could.