To answer the first question: there are many of them. The EmTech China conference organized by MIT Technology Review held a panel on blockchain on Monday that brought some of the more interesting blockchain ideas to light.

It also showed that cryptocurrencies are only one piece of the puzzle. “Comparing blockchain with cryptocurrencies is like comparing the internet to Yahoo: it’s just one application,” said Brian Behlendorf, Executive Director at the Hyperledger Project.

Tokens, however, are an important part of the puzzle. Behlendorf believes that the future will bring the tokenization of many assets, both virtual and real.

“I think we are going to be able to see a lot of opportunities for people to put their assets into systems that have the advantages of blockchain systems: moving assets very quickly and still having a really clear accounting of who owns what,” he said. According to Neha Narula, Director of the MIT Digital Currency Initiative, to understand why Bitcoin and other cryptocurrencies are rising, we need to understand the fundamental nature of money: it is only a piece of paper that we decided has value and therefore it does.

“These things are valuable because there is a network of people that think they are valuable,” said Narula. Narula also believes that cryptocurrencies could become more popular than fiat currency, especially in certain unstable areas. Read more from technode.com…

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