Sentences with phrase «use of blockchain by»

Earlier this year, Gref stated that the use of blockchain by banks could be just «two to two - and - a-half years away.»

«(a) Impos [ing] any tax or fee on the use of a blockchain by any person or entity; (b) Requir [ing] any person or entity to obtain from the board of county commissioners any certificate, license or permit to use a blockchain; or (c) Impos [ing] any other requirement relating to the use of a blockchain by any person or entity.»

The original use of blockchain by Satoshi Nakamoto was explicitly to facilitate the transfer of Bitcoin tokens between individuals.

Not exact matches

The company tracks bottles of wine using hidden codes added to them by vintners, allowing anyone to consult a blockchain to see where the bottle originated and how it was distributed.

Ludwin: Because the core innovation in a blockchain — now a blockchain by the way is just a data model; it's being used — to meet — to address a lot of different things in, you know, corporate marketing at an event like Davos.

Blockchain is best known for its use by cryptocurrencies like Bitcoin and others to keep track of transactions and ensure the accuracy of cryptocurrency valuations.

The use of the «smart contracts» created by blockchain technology allows for the irrefutable, certainty of the origin of any product produced or trader around the world.

As Aaron Wright, chair of the alliance's Legal Industry Working Group, told Coin Telegraph, «Lawyers are poised to serve as the catalysts for blockchain technology, and the Legal Working Group will serve as a neutral space to explore blockchain - based legal technology, develop standards for «smart» legal agreements, support emerging enterprise use cases, and tackle important policy issues raised by this new, impactful technology.»

Alternately, Antonopoulos suggests thinking of the «Bitcoin blockchain as having an API» (application programming interface) that makes its data usable by third parties, in the same way that second - layer services like Buffer or Hootsuite use the Twitter API to present and interact with Twitter data in slightly modified or reorganized forms.

Proponents argue that blockchain technology could be used to reduce the risk of many IoT devices being compromised by a single point of failure, such as a server.

It's been embraced by a host of large corporations like IBM, Cisco, and Oracle, which use the technology in their own blockchain products.

And Bridget van Kralingen, senior vice president for industry platforms, told me about how blockchain technology is being used by Walmart and others in the food industry to keep track of the source of food for safety reasons, and by Maersk in the shipping industry to greatly reduce paperwork and port time.

The central bank of Saudi Arabia has signed an agreement with Ripple, paving the way for a pilot project through which the bank will help other banks in the country send payments internationally using technology provided by the blockchain company.

As the ecosystem around blockchain continues to expand and develop, Ripple will look to support new use cases of the technology including more investments in business use cases developed by entrepreneurial teams and funds.

Putin, whose statements are often interpreted by Russia - watchers as a bellwether, suggested on October 10 that blockchain technology might offer «new... solutions» to the Federation's «banking sphere,» but cautioned that the «use of cryptocurrencies also carries serious risks.»

Alphabit will use a blend of active strategies including leveraged trading, algorithmic schemes, and investing in the sale of tokens by blockchain start - ups, Robertson said.

Buterin elaborated upon creating real value by describing what he feels is one of the best use cases for blockchain technology: cross-border payments.

By using bitcoin as the intermediary for international payments, employers can take advantage of the low costs associated with sending money over the blockchain.

In its other form, as an open source software, the bitcoin blockchain platform, which serves as a public ledger of all bitcoin transactions, is being used by institutional traders and software developers to transform the operational and transactional sides of the financial industry.

While the benefits of distributed ledgers have been much discussed, Bain concluded that actual tools using blockchain for international payments and trade finance remain in their early stages as banks remain challenged by scaling the technology, along with uncertainties surrounding digital currencies and privacy issues.

Although the Swell keynote delivered by Bernanke was filmed for private use only, some of his remarks regarding blockchain and cryptocurrency applications for interbank transfers have been reported: «It's an obvious area where new technologies like blockchain or these electronic currencies can be used to improve the process.»

He added, «We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.»

Blockchain will be used as a trusted validator for verifying official credentials by one of the most prominent medical NGOs in the US.

CEO of Blocko Inc., Won - Beom Kim, states, «We are striving to advance our product by partnering with Samsung SDS, CISCO and others to apply blockchain to a wide range of industries in the future, beyond existing uses such as bonds, promissory notes and points within the financial sector.»

Proof of work is not only used by the bitcoin blockchain but also by ethereum and many other blockchains.

Case studies of disclosed legal structures used by the Bitcoin Investment Trust, CoinList, Blockchain Capital and Crypto Assets Fund

MEGAFLASH is a Counterparty asset in very limited quantity (only 300,000 coins), secured by the Bitcoin blockchain that is used to acquire larger quantities of FLASH.

Although not using the word «blockchain,» we can surmise that some form of a blockchain may be the solution sought by the EU that would satisfy both regulators» need to know while protecting user privacy.

Additionally, new blockchain - based technologies like Internet of Coins» «Hybrid Asset» pose a threat to authoritative identity verification, by building protocols that would allow individuals the ability to store and swap digital assets (including cryptocurrencies) peer - to - peer without the use of exchanges.

The advantages of blockchain tech can be used by the people of Catalonia to secede from Spain where it matters most: information, finance and governance.

This is because while blockchain addresses themselves are pseudonymous, the identities of the individuals who use those addresses can be ascertained by connecting on - blockchain transactions to off - platform events, such as the shipping of goods from one street address to another.

By using a combination of computer coding and peer - to - peer networking, a blockchain can create an online ledger.

Given the sensitivity of information used by governments, however, the advantages are likely to occur within a permissioned blockchain network with government involvement.

STEEM, Steem Power and Steem Dollars are the three forms of digital currency used by the Steem Blockchain.

By using the blockchain, financial institutions are looking to save millions in transactions costs while introducing a whole new set of modern financial services and products.

In contrast to other prominent banking institutions, some of which are interested in exploring other use cases for the blockchain, Carstens did not appear impressed by technologies related to digital assets: «In practice, central bank experiments show that DLT - based systems are very expensive to run, and slower and much less efficient to operate on conventional payment and settlement systems.»

After their launch in November, the digital pets became so popular that they accounted for 11 percent of traffic on the network for Ethereum, the blockchain technology used by CryptoKitties, and caused a massive trade backlog.

Instead of re-creating a «cryptocurrency», or «token» using blockchain technology, Aramco creates digital shares of a pre-fixed amount of crude oil, reserved by the company.

With wide adoption by businesses interested and capable of using Blockchain technologies to optimize their operations, and both the retail and institutional investor enticed by the return on investment of Blockchain technologies, it is safe to say that Blockchain technologies will be here to stay for 2018.

The company, which recently airdropped a massive cache of XRP into US public school coffers is hoping to stimulate interest in the creation of applications that use its currency and blockchain, which has attracted a lot of interest as a back - end technology in the banking industry, but has only been adopted by one other Coin thus far — the somewhat mysterious Allvor.

As with nearly every industry supposedly ripe for disruption by blockchains, the vision of a manufacturing sector making use of the technology is a...

While the platform is powered by Ripple's blockchain technology, it does not require the use of XRP tokens.

They illustrate very well that the value of a blockchain extends far beyond applications that would literally get shut down by banks or governments if they did not use one.

Ripple — a company partially funded by Santander InnoVentures — offers a glimpse of how traditional banks and financial markets will compete using blockchain technology and «coins.»

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

The Blockchain Terminal («BCT») delivers a powerful set of tools and services to the wealth management industry, making use of blockchain technology to deliver cutting edge applications that have been created by a diverse community of developers, while also enabling real - time compliance enforcement and ad hBlockchain Terminal («BCT») delivers a powerful set of tools and services to the wealth management industry, making use of blockchain technology to deliver cutting edge applications that have been created by a diverse community of developers, while also enabling real - time compliance enforcement and ad hblockchain technology to deliver cutting edge applications that have been created by a diverse community of developers, while also enabling real - time compliance enforcement and ad hoc audits.

India, the world's second most populated country in the world has announced plans for adopting blockchain technology by using it for digital certification of education degrees.

Six of the world's premier lenders — Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG (Mitsubishi UFJ Financial Group) and State Street — have recently joined a project led by Swiss banking giant UBS — in addition to existing members Deutsche Bank, Banco Santander, Bank of New York Mellon and NEX — with the goal of creating the utility settlement coin, a digital currency that will primarily be used to quickly clear and settle financial transactions using blockchain.

There are many more applications of blockchain currently being adopted by banks — Bank of America has filed numerous patents relating to using the technology for conducting and settling transactions; Deutsche Bank is trialling a corporate - bond platform that uses smart contracts to issue and redeem bonds; and DBS and Standard Chartered Banks are working on a trade - finance collaboration with Ripple to better track invoices and avoid invoice duplication.

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.