A lot of the development and direction where things are headed is based on the premise of what blockchain does to enable bitcoin to happen since it's literally the most known.

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Well, bitcoins is only one application of blockchain and from that application, we can learn and expand how it can spread into so many different areas. Many people call blockchain the internet of value, they call it the internet of transaction which is usually the typical things you will all hear and reason is when you look at the internet, I would like to think of it as the internet broke and that because the internet was never designed to do many of the things that it's doing.

it was originally meant as a mechanism to enable the sharing of information between different universities and basically to share knowledge. Because it was so open, it really didn't contemplate the concept of value for instance when you think about open source which is all about sharing and typically free.

It is really hard to assign a value when you have something that you can give away and share it for free. Blockchain actually fixes three things that the internet was not designed to do as discussed below.

Value

With blockchain, you can actually create value on a digital asset and control who owns it. So unlike a free item that you can just send to anybody which loses all the value because you have millions of copies and how you can sell a single one for a specific price if it's available for free.

Trust

Blockchain enables us to securely assign ownership of a specific digital asset and be able to track who actually controls that asset at a time.

Reliable.

Blockchain can also be distributed and because it's distributed, that means you don't need to have a centralized location of a database. You can have it distributed across thousands of different computers worldwide and as a result, you can bring back reliability to the internet.

In conclusion, if you have everything localized in one place it becomes a single point of failure and you can basically take down a site which could make the whole thing go down but if you have a blockchain that is spread across thousands of different nodes globally, you would have to take down the entire network to bring it down. So the three items that the blockchain fixes with the internet is an actual value, trust, and reliability.

Regards.
@brayan256