"Two years of dabbling and experimentation and it’s mostly just been changing itself (so as to become even barely usable in capital markets)."
If it is moving from a distributed model to a shared model it is moving away from blocks. If it is moving from a distributed to a centralised model is its integrity compromised?
The more it moves these ways the less disruptive it comes and the more you will have to question its widespread use rather than niche use cases.
In which case the question evolves into "Will it have been worth it economically?"
These markets have to routinely deal with missing shipments, weather-related events, corruption-related anomalies and/or basic input mistakes. Whether blockchain — a notoriously rigid system — is flexible able to cope with such unexpected gremlins in the system is the key question at hand. In the crypto world, for example, it’s done very little to eliminate the scourge of hacking or problems emanating form human error and gullibility. Which is why, according to Pierron, “it has become apparent that in capital markets, the further away you are from the original Blockchain DNA, the more likely you are to succeed.”