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Financial Sector Blockchain Spending Nears $2B

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Mark Melin
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When Blockchain surpassed controversial entertainer Kayne West in all-time Google search popularity this past January, it highlighted just how lauded the largely unproven technology had become. But for some deep inside the financial industry, a nagging question persisted: when will the widely discussed technology finally deliver tangible results? With a recent blockchain hacking scandal derailing the price of Bitcoin and other cryptocurrencies that rely on the technical platform this week, those questions have been magnified.

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The answer may be at hand, according to a recent Greenwich Associates study that shows the vaunted technology approaching a milestone as 14% of those working...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.