What I understood is that the evolution of the blockchain and the cryptocurrencies and all their infrastructure goes towards something more than a simple tradeable commercial value. It will evolve towards an architecture that allows trust, immutability, security, and universality (I mean it will be valid anywhere).
A long time ago I was participating in a contest of @originalworks, I was just beginning to understand what a blockchain was and the concept of ICOs and cryptocurrencies, however, I realized that it was not only used to make money but also to create new secure and immutable architectures that could handle from an identification of a user (an indestructible and immutable passport), the agricultural production of a region, a universal curriculum, up to the handling of the elections of a country. A number of unlimited possibilities.
and obviously, as you claim
the more we created functional products that have these features, the more monetary value will be associated with them
Your comments will never stop surprising me @jadams2k1
Always ... simply the best :)
As blockchain technology evolves and the problem of throughput is resolved by increasing the transactions per second that can be processed, the new problems of connecting the outside world to the blockchain arrises.
The examples you stated are dependent on inputting real-world data into the blockchain, how do you see this done in a secure and easy way? Because I think this will be the next crypto revolution, the oracle revolution!
That's a good question! I guess they have to use a good smart contract, but I haven't researched about it yet.