Sentences with phrase «permission for the financial institution»

Not exact matches

When you apply for any type of loan or line of credit from a financial institution or private lender, they will ask your permission to pull your credit report.

Furthermore, Bitcoin acts to secure the Bitcoin blockchain by aligning the financial incentives of various actors in a transaction so that trust can be assumed without the validation of identity or reputation, and without permission for a transaction being given by a banking institution or other traditional gateway.

In the context of the concerning move towards permissioned Blockchains, WAVES will offer financial institutions an open platform fit for purpose and suited to the demands of KYC / AML regulation.

norbloc provides financial institutions with a highly secure and scalable solution for Know - Your - Customer applications based on Hyperledger permissioned distributed ledgers.

Banks can not explicitly say that a permissioned blockchain won't be used against smaller financial institutions for purposes of a blockade.

In this opinion piece, Greenspan outlines four use cases for permissioned blockchains, arguing that financial institutions may face more limitations in trying to harness the technology than previously thought.