On-Chain Collateral as a Value Layer

Fintech promises an Internet of Value where value, often in the form of digital assets or currencies, can be transmitted across the internet as easily and efficiently as information. This promise is unfulfilled because of the difficulties in creating value or collateral for on-chain programmable money. Should programmable money be an alternative for global trade, it must adopt a value basis for on-chain collateral. Wouldn't it be great if there were an online (on-chain) form of collateral that could garner universal support and recognition? Because it would have all the benefits of the on-chain environment, including instant verification, transparency, traceability, consensus, monitoring, and accountability. And that could serve as the basis for a true value layer on the internet, making a genuine Internet of Value possible.