Right now we only represent colour as combinations of red, green, and blue, when a colour signal itself is really a combination of multiple "spectral" (pure) colour waves, which can be anything in the rainbow.
Individually controllable microLEDs would change this entirely. We could visualize any color at will by combining them.
It's depressing that nowadays we have this technology yet video compression means I haven't seen a smooth gradient in a movie or TV show in years.