I don't believe they are late to blockchain - I think that blockchain is not applicable to their core competencies. The further I study about blockchain technology the fewer vital applications I see in these early days.

Additionally, if some developer team or blockchain/cryptoasset has developed a valuable solution, I believe it will play out similarly to how IP has gone for a long time. Those groups or their technology will be leased or acquired as needed/desired.

With so many solutions popping up, it's hard to evaluate which are truly solving problems or just chasing a goldrush.

Thanks for posting this, definitely an important topic to think about right now.