Sentences with phrase «use of blockchain technology by»

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

Not exact matches

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.»

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.»

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

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.»

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.

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.

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.»

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.

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.

The efforts by 4G Capital, WISeKey, and Bitland are just further recent developments that will provide a better way of life for the African population and create opportunities for growth within the continent through the use of blockchain technology.

The joint research undertaken by the two companies will examine how blockchain, the technology at the basis of cryptocurrencies such as Bitcoin, could be used for developing innovative cybersecurity solutions, such as secure transmission of information between services and supply chains, user authentication, critical devices and elements that run with no human intervention and additional solutions for the cyber challenges in a hyper - connected world.

At the event, which was hosted by the Yale Law School Center for the Study of Corporate Law in New Haven, Powell highlighted three specific areas where blockchain technology is affecting change in regard to the Federal Reserve's «broad public policy objectives»: the creation of real - time payment systems, use of blockchain technology for clearing and settlement services, and the issuance of digital currencies by central banks.

A new report by a Royal Bank of Canada analyst outlines potential use cases for blockchain technologies while predicting a $ 10 trillion industry.

Yao's remarks align with statements made by other executives from China's central bank around its potential use of blockchain technology, including developing a state digital currency.

Through the use of blockchain technology, Litecoin is able to handle transactions without the need for intermediaries or outside interference, and all transactions are easily verified by examining the blockchain.

Like Ethereum, Bitcoin Cash, or any of the other digital currencies inspired by the rise of Bitcoin, Kuo's «fragments» would be created and distributed using blockchain technology.

But the underlying cryptographic technology, a growing chain of time - stamped records or «blocks» that is shared between many computers, forming a «blockchain,» could also be used to help save the environment, according to a commentary published today in Nature by Guillaume Chapron, an ecologist at the Swedish University of Agricultural Sciences in Riddarhyttan.

The index, which is created and administered by Indxx, LLC, tracks the performance of exchange - listed companies across the globe that are either actively using, investing in, developing, or have products that are poised to benefit from a new technology known as blockchain.

Its value is based on its popularity at a given time, which is influenced by factors such as the number of people using it, the ease with which it can be traded or used and the perceived value of the currency and its underlying blockchain technology.

A case study by a Western University law professor will look at how the use of blockchain technology could help close the Canadian sales tax gap, reduce compliance costs and improve government tax administration.

Developed the legal infrastructure for the Delaware Blockchain Initiative, an effort to expand the use of distributed ledger and smart contract technologies by Delaware - incorporated businesses

Oliver has acted as advisor to established companies in different sectors on how best to adopt / use crypto - currencies and helped a number of central banks by providing thought leadership in the Blockchain / Distributed Ledger Technology and Crypto - Currencies.

Vanguard, the mutual fund giant, will begin using smart contract technology developed by blockchain startup Symbiont in some of its actual business processes...

Cool Cousin is on its way to becoming a game - changing decentralized travel agency for the Millennial and Gen Z traveler: Using blockchain technology and powered by the crypto token CUZ, Cool Cousin will offer travelers diverse and affordable premium services, while creating a new source of income for locals around the world, without compromising the content's trustworthiness.

Banks including HSBC have previously shown interest in collaboration for seeking a swift route to utilising blockchain, as they have been involved alongside seven other European banks trying to bring the technology into use by the end of 2017.

A new report by a Royal Bank of Canada analyst outlines potential use cases for blockchain technologies while predicting a $ 10 trillion industry.

The World Blockchain Summit Nairobi will highlight the major milestones achieved by the government of Kenya using blockchain technology with the National Transport and Safety Authority being the key government body endorsing Blockchain Summit Nairobi will highlight the major milestones achieved by the government of Kenya using blockchain technology with the National Transport and Safety Authority being the key government body endorsing blockchain technology with the National Transport and Safety Authority being the key government body endorsing the event.

But the two banks are teaming up with some 30 other firms to further the development of the Blockchain technology and make it ready for use by companies.

Underpinned by award - winning cognitive reasoning technology AiX uses the power of blockchain technology to give traders unprecedented insight and control.

«By segregating the use of Blockchain from cryptocurrencies reflects the government's intention to use the technology in a gradual and safer manner, before it gets into concepts like replacing currencies,»

The use of blockchain comes as the ICT Cabinet Secretary Joe Mucheru set up a taskforce headed by former Information principal secretary Bitange Ndemo to explore the use of distributed ledger technology and artificial intelligence for development in Kenya.

Using the power of Blockchain technology, Set Coin is a verified cryptocurrency issued by In - services for payments between service providers...

The successful completion of this network marks an important step for blockchain technology; it is now being used by the world's premier financial institutions.

One of the biggest concerns raised has been the likelihood of organized criminals and terror cells using the anonymity offered by the blockchain technology to launder money or transfer funds for use in terror activities.

One idea recently described on the r / ethereum subreddit explains the application of blockchain technology being used for a decentralized court system written by Vitalik Buterin co-founder of the programmable protocol.