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As Goldman's Blankfein Questions Bitcoin, Additional Uses For Blockchain Reviewed

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Mark Melin
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Goldman Sachs CEO Lloyd Blankfein looks at  bitcoin bubble and the cryptocurrency craze in general with a degree of skepticism. In an interview Thursday, he expressed bemusement with the concept, which is based on blockchain technology. There are reservations about the technology’s underpinnings expressed in a white paper from a French academic. All else equal, however, the uses for blockchain technology are likely to expand significantly past cryptocurrencies.

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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.