Colorado wants to be an epicenter of blockchain technology. Can it succeed?
Richard B. Levin quoted in Denver Business Journal
By: Kathleen Lavine
Headlines are buzzing about the demise of the popular cryptocurrency bitcoin. But many experts in Colorado say these reports obscure the growing promise of the technology that supports cryptocurrencies: blockchain.
“Even if cryptocurrencies such as bitcoin are seeing a fall in prices, blockchain, as an underlying but independent technology, is following its own path of advancement,” says Emily Garnett, an attorney at the Denver law firm Brownstein Hyatt Farber Schreck.
Colorado — and the Denver metro in particular — is home to many promising blockchain startups, while established businesses in the area are looking into using blockchain technology.
The state's government also hopes to stand out in blockchain by creating a council dedicated to discovering solutions to governing the new technology.
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