Watch the pro video world to see if this format will catch on or not. They pretty much push the standards that make it.
We have been here before, many times. Check into jpeg2000, some of the old SGI stuff, etc. All of these are “better” than jpeg, and are still around, but failed to knock off jpeg. The upcoming JPEG-XL format looks to make sure it keeps camera manufacturers in the jpg camp. We shall see.