Sentences with phrase «possible uses of the blockchain»

Lee referenced the Starbucks» executive chairman hinting at a possible use of Blockchain for a consumer payments app in comments Feb. 27, and also hypothesized that both Facebook and Amazon are likely to «announce a crypto - strategy this year.»

Not exact matches

One of Overstock's subsidiaries, tZero, has made it possible to trade tokens using blockchain technology in a regulatory - free environment.

The possible use would come as part of its «Active Citizen» e-government project, constituting one of several areas in which blockchain is being explored (including as a basis for a new land registry system).

In the words of Philly Schmidt, «Using the blockchain and strong cryptography, it is now possible to create a certification infrastructure that puts us in control of the full record of our achievements and accomplishments.»

It dives into the basics of blockchain technology, its possible use cases and applications, and explores the challenges and opportunities related to this technology.

Laser has been developed to offer this function of interoperability between blockchain by standardizing properties such as wallet numbers, it will be possible for users of one blockchain to make transactions with users of another blockchain without the use of a third - party exchange.

If it is possible to convince businesses that there is a safe and secure way to use blockchain databases, then there is plenty of potential in corporate uses, he says.

«Through the use of blockchain technology and tokenisation, we have developed a platform that makes it possible to serve the financially excluded economically at scale.

«We're blockchain «agnostics» — we're interested in and studying the benefits of all the various blockchain technologies including Bitcoin, Ethereum, Stellar and others — to ensure we're adopting the best possible version for our use,» he said.

Kaufman told the meeting that the risk of patent trolls disrupting innovation in the blockchain space is of primary concern and outlined some of the possible tools that could be used to manage this risk.

One of Overstock's subsidiaries, tZero, has made it possible to trade tokens using blockchain technology in a regulatory - free environment.

The broker then uses this real share as the basis for creating a crypto asset which can be bought by clients of the broker via NEM's blockchain ledger system and its XEM cryptocurrency (one of the top ten cryptocurrencies — in future, it will be possible to use other cryptocurrencies and the exchange will also allow trading between cryptocurrencies).

These two state - of - the - art methods for using the Bitcoin blockchain more efficiently will ensure the lowest levels of transaction fees possible for our customers:

Although none of these CFTC - registered entities are currently including Bitfinex in the calculation of their Bitcoin reference rates (CME used to), it is well understood and could be easily established (partially because of the transparency of Bitcoin blockchain) that Bitfinex - initiated price movements ripple through all exchanges via manual and automated trading.3 CFTC could then have grounds to investigate Bitfinex's possible manipulation of Bitcoin price via Tether.

Once Segwit is enabled on Bitcoin, layer two scaling solutions and other application uses of the Bitcoin Blockchain have indeed been proposed and in time may well be possible.

Likewise, because transactions in the blockchain can have an arbitrary type of data attached, and the blockchain is immutable (unchangeable)-- i.e. its complete history is preserved forever on every computer and can not be altered, as explained in the blockchain post, it is possible to send along information that's deemed illegal in certain countries — pedophilia, pirated material, government secrets... This would make the medium containing this illegal information (the blockchain itself) illegal to use.

At this year's BlockShow Asia, Yangdong Deng, chief AI scientist of Blockchain startup Matrix, explained how inserting Artificial Intelligence (AI) into the Blockchain ecosystem would make it possible to use Bitcoin mining computational power for scientific innovation.

Although the blockchain can be useful to various aspects of the financial sector, Mijin blockchain infrastructure has shown the world it is possible to use distributed ledgers in an accounting setting.

The combination of Merkle trees and ASTs make it possible for more complex data sets to be added to transactions within the Bitcoin blockchain while still allowing for smaller transaction data due to the use of Merkle proofs.

Microsoft Azure has announced the launch of Project Bletchley that will make it possible for anyone to use its cloud - based platform in order to create their own customised blockchain systems.

A Google spokesman explained, «Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it's way too early for us to speculate about any possible uses or plans.»

Only time will uncover the myriad of use cases possible from bitcoin, blockchain and cryptocurrency technology and usage.

On the other hand, MasterCard's Cairns said that the credit card processing giant is currently testing out blockchains for a variety of possible use cases.

This is a huge development for the Blockchain market as it proves that creating a white - label version of a Blockchain network is possible even if it means using the company's servers.

Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name «Iota» with emphasis on the «IoT» part.

A Google spokesperson said, «Like many new technologies, we have individuals in various teams exploring potential uses of blockchain but it's way too early for us to speculate about any possible uses or plans.»

Just like other cryptocurrencies they run on decentralised blockchains and use anonymised wallets, yet the companies behind them use a variety of systems, market algorithms and trading incentives in order to keep their values as close as possible to one US dollar.

«In sum, Defendants capitalized on the recent enthusiasm for blockchain technology and cryptocurrencies to raise funds through the ICO, illegally sold unqualified and unregistered securities, used a Swiss - based entity in an unsuccessful attempt to evade U.S. securities laws, and are now admittedly engaged in the conversion, selling, and possible dissipation of the proceeds that they collected from the Class through their unregistered offering.»

NAGA Wallet is compatible with ALL blockchain - based assets; Decentralization of the data storage provides the highest possible level of security; NAGA proposes a possibility to profit from the transactions, earn money while using its services.

The cryptocurrency Bitcoin is the first use case of the blockchain, but much more seems to be possible.

Although currently the technology is largely used to verify financial transactions within digital currencies, in theory, and practice it is possible to code and insert any type of document or digital asset into the blockchain.

Internal brainstorming sessions at LOFT, Moghimi said, resulted in several possible use cases, which led the team to meet with representatives of ConsenSys Enterprise and BlockApps, two startups working on the Ethereum blockchain.

The discussion will cover strategies to make maximum use of the potential of the blockchain, possible steps the state can take to regulate the emerging fintech sphere, and best ways to react to the governmental regulative measures.