This vision of an internet of value has been a driving force propelling cryptocurrencies, led by Bitcoin and Ethereum, to repeated new highs this year.

Entrepreneurs with big visions are working on raising huge sums of capital, and it is not uncommon to meet initial coin offering hustlers jabbering about how we are getting a chance to live through something akin to the dot.com era – the blockchain era. Initial coin offerings (ICOs) have now raised $3.2bn this year, Novum Insights data shows, which seemingly puts a new sector on course to take a decent chunk of the wider venture capital industry.

The excitement is…

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