Sentences with phrase «practical uses of blockchain»

«There is an urgent need for practical uses of blockchain technology to bring it to the masses.

IBM is trying to position itself at the forefront of the «heated» competition for practical uses of blockchain technology.

Not exact matches

The smartest bet is to focus on the work of seasoned technologists who are using blockchain technology to develop practical new platforms for business, e-commerce, and social media.

Although blockchain is gaining wide - spread acknowledgement and use in the sector, there are still a number of uncertainties surrounding the technology and a combination of technological, regulatory and other practical challenges could stall its growth.

Making the system launch a reality means we are not only one of the first actual users of Blockchain for government in the world, but also [are pioneering its use] as a practical tool for further growth.»

Companies involved in blockchain projects are introducing practical implementations of the technology, and financial institutions are among those interested in how they can use distributed ledger technology.

It is important to understand how consensus algorithms are being implemented, in particular, how permissioned blockchains, like Hyperledger Fabric, which uses Practical Byzantine Fault Tolerance Algorithm by default, differs from public blockchain implementations such as Bitcoin and Ethereum, which use Proof of Work.

Because it uses zero - knowledge proofs to verify and validate transactions, ZCash's blockchain has practical utility for businesses and large organizations interested in systems that combine the benefits of blockchain technology with privacy.

We don't yet see a lot of practical use cases for blockchain that are much broader than using a distributed ledger.