So it actually seems that in the logistics line of things like manufacturing / production / etc. there is a place for blockchain, mainly due to the immutability and decentralized distribution properties. What could take a whole week to track down using older methods, takes seconds if all the data is recorded on the blockchain...for example, food production. You want to find out exactly which animal your food comes from, and all the things involved (use of antibiotics? which factory? how did the product travel before ending up at your grocery store? etc.).
Some researchers working on these products repeated that they often get approached by directors and CxO level people regarding this - wondering if blockchain can "solve problems". And every time, they have to reply: Using the blockchain can solve some specialized problems, but there's no magic fairy dust involved, and it's not some general structure which will solve all their problems.
Unfortunately, it's kind of like AI. High-level directors dream of General AI, but you need to explain to them that it's all ML models which aid (replace if you're lucky) workers, and automate some tasks.
I think any CTO worth their salt should know these things, and manage the expectations of the other C-suite executives.