Sentences with phrase «use of blockchain in»

Baby steps have been made, like Cook County's use of blockchain in its Deeds and Recorder Office and Sweden's land registry program.

Today, all are concerned about the interaction of the cryptocurrency industry with banks, the use of the blockchain in various fields, and, of course, the introduction of blockchain technology and cryptocurrency regulation at the state level.

In the wake of the Punjab National Bank (PNB) fraud, the Securities and Exchange Board of India (SEBI) is looking to formalise and then tighten its Know Your Client (KYC) norms for the capital markets.Sources said a meeting was held this week to identify the potential use of blockchain in the...

The idea behind UBIK was prompted by the rising use of Blockchain in both Croatia and across the globe.

It works on developing «a cross-industry open standard for distributed ledgers» which would prompt the use of blockchain in many areas, including manufacturing, banking, insurance, real estate contracts, energy trades, marriage licenses and the Internet of Things.

However, the conceptual restrictions on the use of the blockchain in the field of information technology is something the Bank is considering.

CNBC reports that 57 % study the use of blockchain in their systems, and two thirds of these firms expect to be able to integrate the technology by 2018.

In its announcement, the consortium claimed that UPS will assist in the development of standards around the use of Blockchain in systems used to track or monitor packages, facilitate payments between shipping parties and other industry applications.

BBVA is also a member of R3, the consortium of the world's largest financial institutions to explore the use of blockchain in the financial sector.

West Virginia is trialling the US» first - ever use of Blockchain in federal election voting.

Nor does the backlash against ICOs impact the use of blockchain in general.

Not exact matches

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

In addition, Smart Contracts are capable of processing conditional logic, and with it, the Blockchain is used as an escrow system.

TrustChain will use IBM blockchain tools to allow anyone in the supply chain — and eventually the customer — to verify the provenance of the rings.

The types of platforms we use may shift, especially for users living in countries that could benefit from the censorship - blasting potential of blockchain technology, and video (both traditional and live) will continue to dominate as the social communication medium of the future.

So it's really in the context of an institution using a blockchain, it's really about increasing the trust in them.

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.

There's no doubt that blockchain will play a role in the future of identity management, but the extent to which it is used will depend on our ability to think beyond our current solution set and apply emerging technologies to build a secure and compliant user experience.

Blockchain, a digital ledger of transactions, underpins cryptocurrencies in general and can be used to track, record, and transfer assets across all industries.

In a time when some big banks and payment processors like MasterCard are getting involved with bitcoin — but cautiously, and typically citing the uses of the blockchain as the appeal — that's a smart, measured reminder.

«I think the fact now that there is Ethereum and Ethereum Classic, and that people continue to mine both, is unfortunate,» says David Treat, global head of Accenture's acn capital markets blockchain unit, whose team continues to use the Ethereum code base in their work with clients, like big banks.

Enders Analysis, in a wide - ranging note on blockchain and its use across various industries, says that a lot of the capabilities of blockchain are exaggerated or misunderstood and that existing technology can often perform the same roles.

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.

He said: «The government will explore use of blockchain technology proactively for ushering in digital economy.»

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.

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

In October 2016, the company announced that it would partner with IBM (ibm) to digitally track shipments of pork in China using a blockchaiIn October 2016, the company announced that it would partner with IBM (ibm) to digitally track shipments of pork in China using a blockchaiin China using a blockchain.

Goldman Sachs has said the use of blockchain technology in stock trading could result in $ 6 billion in industry cost savings globally.

Blockchain uses computers with advanced encryption to keep track of transactions, and the use of a blockchain solution in clearing and settlement has the potential to reduce costs, save time, and cut cBlockchain uses computers with advanced encryption to keep track of transactions, and the use of a blockchain solution in clearing and settlement has the potential to reduce costs, save time, and cut cblockchain solution in clearing and settlement has the potential to reduce costs, save time, and cut complexity.

One of the questions that needs to be addressed, in conjunction with regulators and industry, is whether issuers on other exchanges would be able to use the CSE's blockchain - powered clearing house, he said.

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.

But increasingly, companies outside of finance are using blockchain technology to replace long - held authentication practices in law, real estate, and shipping.

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

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).

BitPesa, which she started in 2013 at the age of 31, uses Bitcoin and blockchain technology to make it easier and faster to make payments between African currencies and the rest of the world.

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.

Analytics are going to play more and more of a function in deciphering huge quantities of data, making sense of it, applying it into many different areas and then using blockchain technologies to securitize that.

As of writing this article, most ICOs use the Ethereum blockchain, which enables a storage in an Ethereum wallet.

Factom is using the blockchain to build a permanent and secure land title record in Honduras, one of the poorest countries in Latin America, where land - grabbing and corruption are rife.

This blockchain manager would «compute a cryptographic hash» of a given «nucleic acid sequence» and «use» it as PoW before transmitting the attendant «new block... to the other nodes in [the] blockchain system.»

Personally I think that anything that expands the blockchain and makes it more relevant and easier to use is very important to Bitcoin and the future of Crypto in general.

Most recently, the advocacy group held a Blockchain Education Day event in Washington, DC, in which members of Congress mingled with representatives from more than 70 leading companies in the blockchain industry to promote the use of new innovations like blockchain and distributed ledger tBlockchain Education Day event in Washington, DC, in which members of Congress mingled with representatives from more than 70 leading companies in the blockchain industry to promote the use of new innovations like blockchain and distributed ledger tblockchain industry to promote the use of new innovations like blockchain and distributed ledger tblockchain and distributed ledger technology.

And it's clear that the financial establishment isn't afraid of Bitcoin or the blockchain, so much as it's licking its chops to strip it for parts and use it in ways that would make Satoshi Nakamoto (Bitcoin's anonymous inventor) balk.

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.

These products or services typically use a Blockchain, and, in turn, the typical investment product in an ICO (a «coin» or «token») uses a Blockchain and «smart contracts» to govern some part of the relationship between the company and its investors, establishing to what the investor is entitled.

Sonny talks about how Bitcoin and Bitcoin Cash are being used today and what businesses need to do to survive in the changing world of blockchain technology and blockchain payments.

The platform was built over more than a year using Quorum, a type of open - source blockchain that JPMorgan has developed inhouse and is in discussions to spin off.

«Stakeholder interest in the initiative and the upcoming IEEE Blockchain for Clinical Trials Forum is strong, and we encourage even broader participation and input from vested healthcare and regulatory partners in order to identify pertinent issues and more viable use cases that can help us advance industry - wide adoption,» said Tim Mackey, co-chair of the IEEE - Standards Association Supply Chain / Clinical Trials Industry Connections Program.