Blockchain, much like the early internet, is still in the infrastructure-building phase for most industries outside of crypto. There are real, functional applications in areas like supply chain tracking, cross-border payments, identity verification, and digital provenance, but most of these are still limited in scale or operating within controlled ecosystems.
The real test will come as these systems are stress-tested under broader, public conditions and integrated with legacy infrastructure. Many current projects tout blockchain for marketing value rather than necessity, but over time, the market tends to filter out solutions in search of real utility. The potential is significant, but meaningful adoption across industries will likely unfold over years, not months, driven by clear advantages in transparency, security, and decentralization where they genuinely solve entrenched problems.