JPEG is quite old by now. The reason I shoot RAW is mostly to adjust contrast, saturation, white balance and recover some highlight and shadow details. If ther

JPEG is quite old by now. The reason I shoot RAW is mostly to adjust contrast, saturation, white balance and recover some highlight and shadow details. If there where some lossy image format that recorded the image in YUV (or some similar color space) and recorded information beyond the black and white point to be able to recover some details and additionally supported some standardized transforms that could be adjusted on top of the base image I think the need for RAW would diminish. Such transforms would be to set the white point, black point, gamma curve, saturation, white balance. If the standard transform data could be edited in an image editing program, the lossy YUV data would not need to be rewritten causing an image degradation.