Sentences with phrase «ledger technology behind»

You know blockchain by now: the immutable digital ledger technology behind Bitcoin which logs all transactions and is distributed across a network of personal computers, free from the vulnerabilities (and corruptibility) of a centralised hub or authority.

Last year's spike in the valuation of bitcoin has much of the technology world focused on blockchain, the distributed database ledger technology behind bitcoin and many other cryptocurrencies.

Blockchain, the digital ledger technology behind Bitcoin and Ethereum, was initially made popular on the dark web, allowing criminals to sell illicit goods on the Silk...

Bloomberg News notes that Santander is one of several major banks, including Citigroup, UBS and Barclays, striving to find ways to exploit the distributed ledger technology behind Bitcoin to cut costs and stay at the leading edge of modern fintech.

Finally, in the The Netherlands, the Dutch central bank is all set to support a new «blockchain development campus», which will enable banks to develop and share information regarding the use of blockchain, the distributed ledger technology behind bitcoin.

Not exact matches

Blockchain is the technology behind encrypted, public ledgers for storing data that can not be erased or changed without leaving a record.

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

Just like the technology behind bitcoin, Hyperledge Fabric is a digital ledger.

Blockchain, essentially a distributed, encrypted ledger for transactions and data, is the technology behind the cryptocurrencies, but also has much broader applications.

The patent, which was filed in September of 2016, heavily praises the technology behind the patent, stating in one instance that: «One advantage of block chain [sic] based ledgers is the public nature of the block chain architecture that allows anyone in the public to review the content of the ledger and verify ownership.»

The Blockchain on which Bitcoin is built is essentially a ledger, just like you'd find in a bank, but the technology behind it is extremely complex and updated in real - time constantly.

While Bitcoin has attracted considerable investor attention and introduced the world to digital currencies, the true potential for revolution may lie with blockchain, the decentralized ledger database technology behind Bitcoin and the majority of other cryptocurrencies.

Blockchain technology, the power behind the distributed ledgers that allow for digital currency, is applied in new ways every day.

Today, governments and financial institutions recognize that the blockchain technology behind Bitcoin can offer huge cost savings, efficiency, and operational benefits to financial systems — distributed ledger technology could save banks $ 15 billion - $ 20 billion per annum by 2022 according to a recent Santander Innoventures report — but it's in the nature of power to oppose what it can't control.

CoT will investigate whether the core technology behind bitcoin, blockchain / distributed ledger technology, can provide a more secure and interoperable fabric for the future of IoT.

The main technology behind both of these products is VVChain, VVToken's blockchain, a digital ledger in which transactions made in Bitcoin and Ethereum or other cryptocurrencies are recorded chronologically and publicly.

In the broader context of the arrival of distributed ledger technology (DLT) and in light of payments and regulatory innovation in the European market, this paper investigates the changing role of money in retail payments and the associated question as to whether central bank fiat currency risks to fall behind.

It is the technology behind every existing cryptocurrency in which the ledger is being updated after every individual transaction.

Blockchain, the technology behind bitcoin, is a revolutionary distributed - ledger technology that offers a secure and immediate way of transferring a range of data — more specifically, in this case, currency transactions.