At some point, all centralized systems will be referenced as “off-chain layers” for data management as blockchain becomes a default, central to developing and deploying products and services.
Eveything you can think of will be integrated onchain.
One thing people don't understand about blockchain technology is that it is uniquely designed to enable secondary systems easily adapt and integrate, all while maintaining its core values.
If you needed to route your bank transactions through the blockchain, you could have it done, easily, but your bank has to be willing to make the necessary integration.
If you wanted all pieces of data generated by your smart home devices to have a life onchain, you could have it done, but the only thing holding you back is the company behind the development of those devices.
The future holds an exciting promise of ease in the flow of data with every bit of things we do or engage with, it's rather a pretty imagination that's only fews years away from being a reality.
What's that they say again?
SOMETHING STRAIGHT OUT OF A SCI-FI MOVIE.
One of the sectors within crypto that proves that this will be the case is DePINs. There are not currently much of a big deal, in terms of publicity but they do however command $16.9 billion market capitalization as a sector and there's apparently 155 tokens that fit the description, at least according to data from coinmarketcap.com.
Sure, that's merely 0.60% of the total ecosystem market capitalization, but it's still one of the sectors leading up to something that would put the world in a digital position to usher in interoperability and value serving at great length across major industries in the real world.
Global trade onchain forces everything else onchain
If we ran the numbers since the inception of Bitcoin, even crypto enthusiasts would be surprised at how much value has moved through crypto on the blockchain, how much has been generated for miners and validators and how much benefits regular people have earned through the vast opportunities that there is here.
Sure, most of the ecosystem runs on speculative investment, where there's not much focus on revenue and sustainability, but what can one do when we're are dealing with a new type of system?
It's expected to take a while before builders set greed aside to understand how to approach building for the ecosystem, and this does not take away from the fact that we're moving a great deal of value and frankly forced the entire world to notice us.
Now, the adoption is coming.
I've seen a couple of tweets and articles lately suggesting that the long awaited retail is already here and I'm here to say that's not true. I know at least 10 people who've never created a crypto wallet let alone sign a transaction, so no, retail(the masses) isn't here yet.
Sure, the realities may be disappointing, especially for those who are overly obsessed with numbers going up in the short-term, but not all adoption has to happen quickly, the masses are going to move in slowly.
I know this bacause the government have made the mistake(which I can expect they have their plans to capitalize on) of adopting the technology.
Most of us are already aware of what is happening in the United States and about a week ago it was reported that Russian facilitates oil trades in crypto now, due to the sanctions. Of course this is something we already expected to happen and talked about a lot of times through 2024, so not much of a surprise there.
That said, these little actions hitting the news will breed curiosity in the minds of the masses and slowly, they will be a widespread adoption that makes crypto central(whilst decentralized) network for global trade.
The effects of this is that businesses will be forced to heavily integrate with the technology because you quite simply have to “follow the money,” early, if I may add or risk missing out. Everybody knows this.
This vast integration becomes by default, the start of a largely connected world that within matters of seconds, data and money can move across the globe(the internet of value?), creating economic value in the short-term, through direct monetary incentives and in the long-term through the expansion of generated data that can be leveraged by artificial intelligence.
The interoperability of everything is inevitable, and blockchain technology is responsible for the new world that's coming.