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Beyond bitcoin: Blockchain is on the rise

Lawrence Lerner on bitcoin
Lawrence Lerner, chief growth officer for RChain Holdings, talks about blockchain and bitcoin at an event organized by MIT Enterprise Forum of the Northwest. (GeekWire Photo / Alan Boyle)

Even bitcoin’s boosters acknowledge that cryptocurrencies aren’t a sure thing.

Just in the past month, China and South Korea signaled that they might be cracking down harder on trading in digital currencies, which caused bitcoin prices to tumble from a peak of nearly $20,000 per coin to around $12,000.

“For any of you that own cryptos, this was a rough week,” said John Utley, an IBM sales executive who focuses on blockchain and software-as-a-service verticals.

But the uptick is much steadier for blockchain — the digital technology that underlies cryptocurrencies as well as other recordkeeping applications.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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