The financial industry is slowly dabbling in blockchain, and every corp is making tremendous efforts to NOT be the first movers here. They are scared of losing money on proof of concept projects, which is understandable. But its a bit insulting that they dont just get more involved in the bitcoin and altcoin scene and they could see how successful these projects are becoming. Ive been around crypto for 5 years now, and I am in no way an expert at crypto and blockchain, but I studied information systems and cyber security while getting my masters degree and have a solid understanding of where blockchain tech is presently.
It seems that the executive board of my organization would rather hire outside blockchain experts as opposed to have coffee with me one day and review the diagrams and proof of concepts I have developed for their existing financial trading platform.....all of which would provide tremendous efficiencies... Oh yeah economics undergrad degree... I like equilibrium's and efficiencies.

Insights from someone that works in IT for a MAJOR fortune 500 financial firm

TLDR: Corps love using the word blockchain, and they love signing up to be part of a consortium... but they are stuck in their old ways of doing things and dont want to have a bad quarterly financial report due to a risky investment in a blockchain related project.