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Technology Business Leaders See Blockchain in Their Future

Speeding transactions, smoothing supply chains, and cutting costs are the most cited uses.

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Photo: Alamy

Give blockchain enthusiasts the chance, and they’re likely to launch into a homily about the promise of decentralization: an internet where data and processes are distributed to computers all over the world, rather than funneled through server farms controlled by a handful of Big Tech companies.

The snag is that the earliest meaningful adopters of bleeding-edge innovations are often not the tech idealists but the executives at giant corporations who sense an opportunity either to cut costs or to make more money. That makes their perspective on blockchain technology valuable. And decentralization is low on their list of priorities.