Yes, this understanding would mean the 12-bar blues and blues music in general are an extremely dissonant form as they use the dominant seven chords as tonics.
How many people consider the blues dissonant?
It reminds me of my first counterpoint assignment. "Fourths aren't dissonant" I said, and it came back covered in red marks
7 chords are dissonant. That’s why a (ii-)V7-I works. Dominant creates tension that gets resolved, or not.
But the chord function is only one third of the picture. Dominant chords can have greater or lesser tension depending on which extensions are used. A closed voicing will sound more dissonant than an open one.
How many people consider the blues dissonant?
It reminds me of my first counterpoint assignment. "Fourths aren't dissonant" I said, and it came back covered in red marks