India, June 20 -- The word blockchain is still tied in the public imagination to cryptocurrency booms, crashes, and speculation. But away from retail crypto markets, a quieter enterprise shift is taking place. Some of the world's most conservative institutions are no longer treating blockchain as a laboratory experiment.

JPMorgan Chase has built Kinexys as a bank-led blockchain platform. Mitsubishi Corporation has turned to it for global treasury and fund-transfer use cases. Walmart has used blockchain to bring traceability into parts of its food supply chain. The common thread is not crypto trading. It is the movement of money, assets, and data across systems that need speed, transparency, and trust.

Blockchain technology is a shared d...