Sentences with phrase «immutable ledger»

Blockchain is a shared, immutable ledger for recording the history of transactions.

This is because these parties «need a means to quickly correct errors on the blockchain,» which is not possible when using a blockchain - based system that creates immutable ledgers.

While outside crypto development the «move fast and break things» mantra is hailed, when working with immutable ledgers a little more caution is required.

MetroGnomo's replicated authoritative immutable ledger provides proof that a given piece of information existed, or event happened, at a given time.

The Bitcoin protocol was developed such that all transactions are placed on a public and immutable ledger called the blockchain.

You see, we learned that distributed trustless immutable ledgers are vastly more efficient and easier to implement if you don't distribute them very far and aren't too strict on the trustless bit.

Basically they rewrote history, something that shouldn't be possible in a true decentralized immutable ledger.

PO.ET or Proof of Existence 2.0 is a Bitcoin Blockchain protocol that establishes an open, universal and immutable ledger for managing the unalterable ownership, attribution and licensing of creative digital assets.

So, by creating an immutable ledger, secured by a decentralized network, we all know who owns what at what time.

It will make it easier for engineers to build platforms that benefit from blockchain technology's contracts and immutable ledgers, without needing to know how to build them from scratch.

The immutable ledger has demonstrated utility that extends far beyond the crypto sphere, with banks and even governments experimenting with it.

One example of a company in the space is Everledger, a provider of an immutable ledger for diamond ownership and related transaction history verification for insurance companies, owners, claimants, and law enforcement agencies.

But as fun as maximalist thoughts of an immutable ledger are to entertain, the fact is the people in the blockchain space still live in the real world, where law — not computer code — controls, and online actions can have actual consequences.

«For them to all work together on a single identity solution for the user, blockchain provides an immutable ledger where user identities can be recorded,» he says.

A: The blockchain — by which I mean the technology underlying all blockchains — is a protocol to build an immutable ledger, a database of transactions.

Using peer - to - peer networks to chain together blocks of records, blockchain creates an immutable ledger of transactions that is extremely difficult if not impossible to modify.

The other uses for Blockchain, for example as a decentralized trading platform, as a new currency, smart contracts, distributed storage, authenticity verification and as an immutable ledger have all been tasted, but not savoured.

There is no doubt that Blockchain can be theorised to fit in to almost any sector of modern life (including those mentioned above), and this is without forgetting its original intended use as an immutable ledger, authenticity verification, a sealed and immutable data base and so on and so forth.

While, there is a lot of privacy with Bitcoin, it is not at all anonymous because every bitcoin transaction ever made is public to the entire world on an immutable ledger.

In theory, real - time reporting will allow for systematic inefficiencies to be detected quicker, especially as records are stored on an immutable ledger.

He sees blockchain as more than a new type of network infrastructure, with immutable ledgers that are almost impossible to hack or fake, plus peer - to - peer channels that let people transact directly without fee - collecting gatekeepers like AirBnB or PayPal.

All operations are recorded on the platforms» blockchains, so there is an immutable ledger of all transactions that take place.

Those 10 % of people from the original blockchain remain mostly in the shadows and are loyal to the idea of the immutable ledger.

An immutable ledger can greatly streamline basic bookkeeping, meaning faster settlement, less reconciliation, and real - time auditing.

Budbo's platform is a global cannabis blockchain that allows any ancillary service or cannabis related business to integrate into and harness the power of it's immutable ledger.

BMW is also taking an ethical route as it uses the immutable ledger to keep track of its cobalt and ensures it is mined with as little harm as possible.

While Mayadas wouldn't go into details about exactly how the investment is being used to build blockchain applications, the ability to remain nimble in the face of ever - changing demands while still leveraging the benefits of a shared, immutable ledger is central to the company's investment.

One of the many reasons that people are so bullish on blockchain technology is the fact that transactions are recorded on an immutable ledger that is 100 % secure from external actors.

In fact, when banks refer to blockchain technology, they are actually referring to the bitcoin protocol not the immutable ledger of transactions.

«For sensor - owning organizations, the ability to use an immutable ledger to store data, ensure its integrity, and provide a clear path to data monetization, is, a stellar example of the promise of blockchain.»

Budbo's platform is a global cannabis blockchain that allows any ancillary service or cannabis related business to integrate into and harness the power of its immutable ledger.

Hence, the term «immutable ledgers», «widely distributed» and «mutual».

The immutable ledger has demonstrated utility that extends far beyond the crypto sphere, with banks and even governments experimenting with it.