On-chain solved Access. Regulatory moats, KYC at scale, local rails. Genuinely hard. Largely done. And being commoditised as we write.
The next era is intelligence, knowing which route is cheapest at this millisecond, which counterparty is a risk before you send, why the payment froze three hops ago.
The data layer for on-chain payments doesn't exist yet. It needs to.
Read our full piece by @ahansjee on the The Sovereign Intelligent Payment-Chain
fabric.vc/writing/the-sovereig...…
