When crypto markets collapsed in 2022, many enterprise technology leaders quietly shelved their blockchain initiatives alongside them. That was a category error. The volatility of cryptocurrency tokens has nothing to do with the utility of distributed ledger technology for enterprise operations.

India's most mature enterprise blockchain deployments are concentrated in three sectors.

Blockchain's enterprise value was never about tokens. It was always about trust — specifically, creating systems where multiple parties can share data without any single party controlling it.