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Value proxy plays for blockchain you don't want to miss

In print this week

Value proxy plays for blockchain you don't want to miss

TES Capital Published on Fri, Feb 23, 2018 / 12:23 PM GMT+8

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SINGAPORE (Feb 23): In the last 12 months, with its rise, fall and rebound, the cryptocurrency bitcoin has virtually hijacked blockchain technology.

Mined using blockchain, a type of distributed ledger technology (DLT), bitcoin and the other cryptocurrencies have a total market capitalisation of US$460 billion ($607.6 billion) as at Feb 18, according to CoinMarketCap.

And looking at investment proxies for blockchain, one name stands out: International Business Machines Corp (IBM).

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