To be sure, many big banks and blue - chip American corporations like IBM, have embraced blockchain, the underlying
decentralized ledger technology on which bitcoin is built.
The joint partnership will see the three parties collaborating on the development
of decentralized ledger technologies, the next generation of smart - contracts virtual machines, smart contracts security and formal verification, new consensus models, blockchain software security, blockchain and internet security, decentralized storage and computing technology.
The term itself was first coined by Nick Szabo in the mid-90s, but it wasn't until relatively recently that advances
in decentralized ledger technology brought the abstraction to life.
The core benefit: Blockchain's
decentralized ledger technology, which logs transactions outside of existing centralized technological infrastructure.
The post Back Again: Estonia Announces Plans for e-Residency Cryptocurrency, Estcoin appeared first on CCN Remarkably, the blockchain system has evolved into building concepts that were not originally intended for
a decentralized ledger technology.
While blockchain,
the decentralized ledger technology, enjoys strong interest in the financial industry, it is also enjoying a recent wave of interest from nonfinancial firms.
The main interest of the bank is the development of solutions based on
the decentralized ledger technology.