While inconel is "tough", it is not "hard", nor can it be hardened, and would therefore be a poor choice for a blade material. It is a nickel based alloy, and maintains many of the physical properties of nickel. I'm a toolmaker, and had a contract with a firm for ten years making tooling for extruding plastic coated wire and cable. Inconel 718 was used in much of the tooling I made, due to it's resistance to abrasion and high temperatures.