Sentences with phrase «testing blockchain use»

Real estate technology startup Velox.re has involved in an exclusive partnership with Chicago's Cook County Recorder to test blockchain uses for transferring and tracking property titles and other public records.

Not exact matches

Maersk used KSI, a blockchain developed by Guardtime, a startup whose technology underpins the tech - savvy nation Estonia, for the test.

U.S. money transfer giant MoneyGram is teaming up with blockchain firm Ripple to test payments using the latter's cryptocurrency.

Maersk, the world's largest shipping company, completed an inaugural test this spring of using a blockchain to track its cargo.

Once testing is complete, the TMX group will decide to move forward based on whether the potential benefits of using a blockchain - based system outweigh the drawbacks, he added.

The government of Moscow is pushing ahead with plans to test blockchain for use in local voting initiatives.

DNAtix's use of the blockchain method to pay for genetic tests maintains the total confidentiality of the person giving the sample.

By Anna Irrera (Reuters)- State Street has tested a blockchain system that it hopes can be used to streamline the securities lending process as the financial industry accelerates efforts to adopt the emerging technology.

The decision follows two years of testing and is among the first attempts to use blockchain to clear a major asset class.

Eleven of the banks — Bangkok Bank, BBVA (Banco Bilbao Vizcaya Argentaria), BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, RBS (Royal Bank of Scotland), Scotiabank, SEB and US Bank — are preparing to use R3's blockchain software Corda to test an application aimed at cutting costs and increasing efficiency in the processing of sight letters of credit, which, as it is intended, will be payable immediately upon receipt of the letter and supporting documents by the relevant financial institution.

A variety of entrepreneurs and researchers are actively testing alternative uses of the blockchain to create a new category of «smart contracts» that allow for contract performance to be verified without requiring a judicial system or other centralized third party.

After two years of testing with a blockchain technology provider, the Australian Securities Exchange (ASX) announced in December 2017 that they be the world's first securities exchange to use blockchain technology in corporate finance.

But while other developers have been tinkering away on several off - chain solutions, which are in the testing phase right now, Loom Network's platform uses so - called «dappchains,» which can be thought of as mini blockchains, that they say are ready today.

The technical term that Winklevoss used is «testnet,» which is any alternative bitcoin blockchain designed strictly for testing purposes.

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With technology from Metavine Lab, creator of the Metavine Genesis product, Crowd Machine plans to focus on the development of its dApp building platform via three core facets: the Crowd App Studio, which enables users to build blockchain agnostic applications using natural language and without prior coding knowledge; Crowd Share, a repository of applications and code sections offered as a resource to all developers and Crowd Computer, which creates a distributed computing environment to allow any user to run and test their applications, leveraging the unutilized computing power of other processors in the network.

Specifically, Maguire said this means developing better standards on how blockchain data is secured and accessed, including potentially applying more conventional or previously tested protocols for use in blockchain environments.

The parent company of beer maker Anheuser - Busch has taken part in a blockchain pilot in a bid to test the tech for global shipping uses.

, which enables users to build blockchain agnostic applications using natural language and without prior coding knowledge; Crowd Share, a repository of applications and code sections offered as a resource to all developers and Crowd Computer, which creates a distributed computing environment to allow any user to run and test their applications, leveraging the unutilized computing power of other processors in the network.

It appears that Australia's stock market may be the first major test for the use of blockchain technology by a traditional stock exchange.

The following month, the DTCC revealed that the partnership with Axoni had resulted in the successful tests of 85 structured use cases for blockchain applications in credit default swaps.

During a speed test, Coco achieved approximately 1,700 transactions per second using a private version of the Ethereum blockchain, compared to only a handful of transactions per second without the framework.

Since beginning its exploration of blockchain over a year ago, the NSD has published the results of an early test for a proxy voting solution using the NXT blockchain and - as revealed on stage - has sold a $ 10 million bond by Russian telecom MegaFon using the open - source Hyperledger Fabric platform.

Public blockchain supporters would argue, well if all you're doing is putting hashes somewhere without giving away any trade facts, then why not use Bitcoin's blockchain as it is the most tamper - resistant and battle - tested chain, and the cost of transactions can be kept low by bundling data and committing the bundle at once — using techniques like Merkle trees.

«The WISeCoin offering will be tested during the next 6 months on selected countries using WISeKey Blockchain technology, and will be gradually offered to citizens.»

Specifically, the office will be testing blockchain applications of property title transfer and a system for filing liens; compatibility between a blockchain and a traditional, server - based setup; fraudulent use prevention and conveyances of vacant property in Chicago.

Last year, the NSD announced it had tested a voting system using the NXT blockchain, in an effort to create a prototype enabling shareholders to more easily vote as part of AGMs or corporate actions.

In addition to seeking more efficient ways of voting using blockchain tech, Singer says a proof - of - concept is currently being tested for an undisclosed application that, if successful, could eventually help connect the US and Canada.

The NEM blockchain software is used in a commercial blockchain called Mijin, which is being tested by financial institutions and private companies in Japan and internationally.

According to its announcement, TechBureau will use the new capital for improvement and expansion of Zaif exchange, research, development and testing for its blockchain technology mijin, open overseas offices, hire more staff, consolidate a framework for open - source project for mijin and launch of its paid - license and further promote Zaif and mijin.

Although still in testing phase, the lightning network can now be used to send transactions across different blockchains.

Many countries have begun to test the use of blockchain technologies, which hope to increase the efficiency and transparency of governmental systems.

As Wagner envisions it, the group will eventually develop a suite of downloadable kits anyone can use to test distributed ledger platforms, such as Hyperledger, Corda and Quorum, as well as public blockchains, like bitcoin and ethereum.

The service is based on the Ethereum blockchain and uses the Solidity language to enable customers to test or deploy blockchain applications.

German Porsche revealed their collaboration with XAIN, a startup from Berlin, aiming to test blockchain applications in vehicles, while a London - based start - up is working with another German automaker BMW to use blockchain to make sure their electric vehicle batteries contain only cobalt that is not the result of child labor.

There are also plans afoot to test the possibility of Blockchain technology being used for voting systems in the country.

Most of the largest organizations in the world that are testing blockchain technology are using the Ethereum platform.

Bessemer predicts that blockchains will be used primarily in the food, retail, and aviation sectors, where large enterprise companies like IBM and Oracle are already testing out new tools with clients.

Fintech and cryptocurrency solutions company Tech Bureau noted that that Japan's first online bank, Japan Net Bank, Limited is testing blockchain technology integrations using mijin and Hyperledger and has initiated a proof - of - concept project to evaluate to utilize the cryptocurrencies for paperless contract administration, scheduled to be... Read More

The WISeCoin technology is currently being tested in several industries (such as connected cars, commodity trading, pharma, food security, and tobacco) and during the next 6 months will be used in selected case studies that are currently using the WISeKey PKI and Blockchain technology, and then will be gradually offered to the market globally.

The consortium built for information exchange and testing various financial blockchain use cases becomes the second Chinese association of this kind.

In September of this year, a joint venture between SBI and blockchain payments startup Ripple announced it will soon begin testing a money transfer system using distributed ledger technology between Japanese and South Korean banks.

The marketing organization said it was interested in testing crypto's underlying Blockchain technology for their finance operations and might use it for international payments.

Swedish government together with ChromaWay and a partner bank is going to test Blockchain smart contracts for the land registry, to simplify life of buyers, sellers, and banks, using land as collateral on a regular basis.

Singapore's government released a report detailing a test it had carried out to digitalize a national currency using ethereum blockchain technology.

A commercial bank in Mauritius has inked a deal with blockchain lending startup SALT to test the use of digital assets as collateral for loans.

OKCoin, the popular Chinese cryptocurrency exchange, and blockchain security company BitGo today announced a new partnership bringing BitGo's industry leading enterprise wallet and treasury management tools to the OKCoin consumer wallet with testing for future use on the OKCoin Exchange.

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.

Intesa Sanpaolo - a member of the R3 distributed ledger consortium - has tested a number of blockchain use cases in the past, including trade finance and digital identity.

Precisely it is the private Blockchain projects Iroha, Fabric, and Sawtooth Lake, and these three Blockchains are still in incubation and neither is tested nor used.