Sentences with phrase «positive uses of blockchain»
«We support the exploration of positive uses of blockchain that can benefit consumers and society,» a spokesperson for Barclays told Reuters.
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Small said the use of blockchain could increase efficiency and transparency in the sharing of data and that customer feedback has been positive so far.
Given the high cost of building a blockchain system, any proposed use must have a positive return on invested capital.
In a very positive light, France's Central Bank, The Banque de France has tested blockchain technology for use in the management of SEPA Credit Identifiers or identification markers used to establish the identity of creditors within the Single Euro Payments Area.
Although Muscat raised several positive use cases of Bitcoin and Blockchain technology, Muscat specifically addressed the Bitcoin Blockchain's ability to handle, store and process sensitive data such as lands registry in a secure, immutable and decentralized ecosystem.
In January, the CEO said he's interested «to go deeper and study the positive and negative aspects» of decentralized technologies such as blockchain and how «best to use them in our services».
On the positive side, the news also flashed that the Central bank of India is also going to use blockchain technology in terms of digital rupee.An inter-departmental group will study on implementing the revolutionary technology.»
Despite all the positive expectations, the project brings some concerns; there is still uncertainty about how the tokens will be issued since it is not assured the use of blockchains.