Sentences with phrase «efficient using blockchain»

More specifically, the company wants to make the financial sector more efficient using blockchain technology.

Not exact matches

But he's indicated blockchain could be used for more efficient transactions.

While blockchain is still in its very early stages when it comes to health - related use, some in the industry say the tech can encourage much more widespread data - sharing by making transactions more secure and efficient.

A third is using blockchain technology — the distributed digital ledger behind Bitcoin — to make our insane medical payment system more efficient.

The settlers are hard at work, enthusiastically building DLs that are more energy efficient, more tailored to specific transaction types, and easier to use than Satoshi's blockchain.

The company's move comes amidst an increasing interest from financial institutions and banks around the world to look for ways to use the blockchain technology to make transactions more efficient and secure.

In contrast to other prominent banking institutions, some of which are interested in exploring other use cases for the blockchain, Carstens did not appear impressed by technologies related to digital assets: «In practice, central bank experiments show that DLT - based systems are very expensive to run, and slower and much less efficient to operate on conventional payment and settlement systems.»

The energy use of Bitcoin, the biggest blockchain to date, is close to that of Portugal, and while other blockchain networks are more efficient, they are still an order of magnitude less so than a payment system such as Visa.

Use of the blockchain could create more efficient means for financial transactions than those in use today.&raqUse of the blockchain could create more efficient means for financial transactions than those in use today.&raquse today.»

In April 2017, Tecent, parent company of WeBank, announced plans of a new suite of blockchain services called TrustSQL, which it hopes will be used to build safe and efficient solutions for enterprises and institutions.

A.P. Møller — Mærsk in connection with the formation of a joint venture with IBM, the new joint venture will provide more efficient and secure methods for conducting global trade using blockchain technology

The new joint venture will provide more efficient and secure methods for conducting global trade using blockchain technology.

Major stock exchanges and leading financial institutions are rapidly exploring and adopting the use of blockchains for securities issued by corporations in order to ensure more accurate, efficient, and economical recording of share ownership.

«Sidechains allow for new innovations in security models and features, plus the added benefit of faster and more cost efficient transactions - if more businesses were utilizing sidechains for use cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchain.»

Ethereum is a platform developed in open - source code that uses blockchain technology and has the capacity to create and execute so - called «smart contracts,» which allow making secure and efficient transactions without intermediation.

As in Zcash, there are some challenges to blockchain scaling and optimizing cryptographic schemes so they are efficient when using ZKPs.

If you are in a hurry, you will be forced to use public blockchain servers that are faster and efficient.

By using the Bitcoin blockchain to «tokenize» the investments, Funderbeam wants to make trading secure, efficient, open and transparent.

In addition to seeking more efficient ways of voting using blockchain tech, Singer says a proof - of - concept is currently being tested for an undisclosed application that, if successful, could eventually help connect the US and Canada.

According to an announcement on Monday, Deutsche Börse said it plans to develop a system that can offer more efficient securities settlement, and will use technical support from financial management firm HQLAX and blockchain startup R3's Corda platform.

According to Winters - who is the president of Global Tax Accountants, LLC, and a chair of the Wall Street Blockchain Alliance tax and accounting committee - laundering money with cryptocurrency like bitcoin is much less efficient than using traditional financial institutions.

Technically speaking, BitShares 2.0 is a high - tech, decentralized, blockchain based platform which allows to create highly efficient financial smart contracts for all areas of economic activity that are used in the global internet space to provide services.

Propy makes use of the Ethereum blockchain technology to deliver a reliable, cost - efficient, and automated platform for global real - estate transactions, all the way from search / filter properties, payment, sales, paperwork to transfers and records management.

«We think that the main motivation for not using cheaper and more efficient storage is the perceived sense of security and persistence of the Bitcoin blockchain,» it states.

but a valuable technique that can be used by most blockchain applications to become more efficient.

By using blockchain technology, healthcare, banking, and informational industries will be able to communicate and store information about individuals through safer and more efficient means.

«As we move further along into 2018, we'll not only see more innovative applications of blockchain, we'll see increasingly efficient use of existing blockchain systems.

Though Ripple says that xRapid, a blockchain product that uses XRP for on - demand liquidity, is more cost - effective and efficient than its other blockchain solutions, most financial institutions have opted to instead connect to RippleNet.

We do not use a Proof - of - Work protocol like the Bitcoin blockchain, but instead a Proof - of - Stake protocol, which requires less computing power and is therefore faster and more efficient in terms of electric consumption.

This has led to a new wave of Blockchain technology that looks to provide applications and innovations to the way we use energy and how we go about providing efficient data and transaction systems in the sector.

Since broadcasting every single signature as a transaction of its own is highly efficient and costly, the Brazilian government will use a system called hashing to combine all of the daily votes into one transaction and broadcast it to the main Ethereum Blockchain network.

Caving to customer pressure after admitting that the Santander Group began using Blockchain technology in the fourth quarter of 2017 to reduce costs and make cross-border payment transactions more efficient, Banco Santander - Portugal changed its policy about shutting down its customer's cross-border cryptocurrency trades at foreign cryptocurrency exchanges like Luxembourg - based Bitstamp and US - based Coinbase.

Not only does Circle Pay already use the blockchain to make fiat money transfers quicker and more efficient, but there are also Circle Trade and Circle Invest, which as highlighted above may potentially be integrated somehow with Poloniex in the future.

By neutralizing the threat of volatility, LitePay demonstrates to businesses already using BitPay's services something that most blockchain enthusiasts already understand — blockchain technology is more advanced and cost - efficient for financial transactions than traditional methods of payment.

Formerly known as RaiBlocks, Nano uses a hybrid of blockchain and directed acyclic graph (DAG) technology and aims to offer an efficient and viable alternative to fiat currency.

Electron has long touted the benefits of using blockchain technology to upgrade the energy industry's infrastructure (some 30 - 40 years old at this point) for efficient power sharing with major cost savings.