Sentences with phrase «particular application of blockchain»
Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments, the Ethereum blockchain focuses on running the programming code of any decentralized application.
https://www.ndtv.com/
Ethereum takes a more comprehensive approach towards tackling societal, economical, and political deficiencies through one giant computational network, while the Bitcoin network tackles just a particular application of blockchain technology — payment.
Ethereum co-founder Gavin Wood even acknowledged the major difference between the two, stating, Bitcoin is first and foremost a currency; this is one particular application of a blockchain.
Not exact matches
NuCypher is a solution that will be of particular interest to those building decentralized application that deals with private or sensitive data as it will enable a privacy layer for public blockchain and decentralized applications through a technology called proxy re-encryption.
«Information regarding the ownership of particular assets (e.g., shares in a company, etc.) are stored in a blockchain, and various data processing operations (referred to below as «application processing») are performed using this ownership information.»
In 2015, IBM and Samsung showed off an application of the blockchain known as ADEPT (Autonomous Decentralized Peer - to - Peer Telemetry), which is designed to decentralize the IoT, and allow devices to communicate directly, without a manufacturer's hub getting in the way and trying to lock users into a particular ecosystem.
Our engineers are also working on a robust (open source) application layer that can utilize a public Blockchain such as Bitcoin (or Ethereum), to issue securities and enable tradability within a particular niche of the financial markets, but more importantly execute DVP (Delivery Versus Payment) settlement and coupon / dividend administration using fiat currency.