Sentences with phrase «use of blockchain technology for»

Earlier this year, the government of Vermont released a report regarding the potential use of blockchain technology for public record keeping.

«There is a movement to make use of blockchain technology for virtual currency by the central banks themselves,» he said.

The Hyperledger project is an open source initiative that aims to advance the use of Blockchain technology for the recording and verification of transactions.

Recently, the Indian Finance Minister Arun Jaitley acknowledged blockchain's potential, stating that the Government will «explore the use of blockchain technology for ushering in digital economy».

The search - giant is exploring the use of blockchain technology for its cloud business and «developing its own distributed digital ledger that third parties...

«Cooperation between Ethereum and VEB gives a unique opportunity to engage in research and development on the use of blockchain technology for public administration and accelerate the adaptation of this technology to government organizations in the Russian Federation,»

Ethereum co-founder Vitalik Buterin stated that «Cooperation between Ethereum and VEB gives a unique opportunity to engage in research and development on the use of blockchain technology for public administration and accelerating the adoption of this technology to government organizations in the Russian Federation.»

Furthermore, two more bills were put forward to legalize the use of blockchain technology for electronic transactions.

However, what largely remained unnoticed and / or given enough weight in the context of India was Jaitley's assurance that «the government will also explore the use of blockchain technology for ushering in the digital economy».

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.

Not exact matches

JPMorgan's Dimon, for instance, said his bank was exploring the used of blockchain technology, even if he doesn't believe bitcoins are here to stay.

«We also think digital collectibles and all of the games they enable will be one of the first, if not the first, big consumer use cases for blockchain technologies.»

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.

The most obvious way migrants could use blockchain technology to securely store money while traveling would be to convert cash into digital currency, but Soros dismissed the value of cryptocurrency, making clear he believed its primary appeal was «for tax evasion» and «the rulers of dictatorships.»

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.»

Baldet had been heading up JPMorgan's Blockchain Center of Excellence, where she led the product direction for Quorum, JPMorgan's business - oriented blockchain, a buzzy database technology that uses shared ledgers for recorBlockchain Center of Excellence, where she led the product direction for Quorum, JPMorgan's business - oriented blockchain, a buzzy database technology that uses shared ledgers for recorblockchain, a buzzy database technology that uses shared ledgers for record keeping.

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

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.

Blockchain — the technology used for verifying and recording transactions that's at the heart of Bitcoin — is seen as having the potential to reshape the global financial system and possibly other industries.

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.

Here, readers may consider the possibility of using blockchain technology for land registry services (though obvious challenges remain).

The proposed legislation would apply to three different types of distributed ledger technology platforms: private networks for internal use within a company, private networks that are accessible to certain entities outside the company that deployed them, and public blockchains.

VANCOUVER, April 4, 2018 / PRNewswire / - Etherparty Smart Contracts Inc. («Etherparty»), a Vancouver blockchain technology company, is excited to announce the Rocket Three for Free contest, which will offer three projects or startup companies the opportunity to win full use of Etherparty's cryptocurrency crowdfunding platform, Rocket, free of charge.

Coca - Cola and the U.S. State Department along with two other companies said on Friday they are launching a project using blockchain's digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide.

The challenge for companies is technical: Compliance requires a system that enables active consent, maximal transparency, and enhanced security, all of which require thinking about how to use «distributed ledgers» and blockchain - based technologies to validate transactions.

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.»

The size and scope of potential applications for blockchain technology is tremendous, spanning a wide range of use cases in nearly every industry.

Blockchain is a versatile technology, capable of being used for many industries.

It uses the technology of blockchain for the storage of data and associated public keys.

The application mentions the use of blockchain technology as well as a «special digital token» to achieve high levels of trust for what may amount to a futuristic email service.

Using blockchain technology they provide a transparent, auditable and automated market trading and clearing mechanism for the benefit of producers and consumers.

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.»

In terms of my specific business sector, being focused primarily on cryptocurrency investing and blockchain technology, I've seen multiple blockchain type startups, which many have touted as the future, using Instagram to generate exposure for their ICOs (Initial Coin Offerings).

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.

The panel discussion touched on a variety of topics ranging from bitcoin regulation to future use cases for Bitcoin and blockchain technology.

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.

In his speech at the banking event, Jessica Chew Cheng Lian, Deputy Governor, Bank Negara Malaysia (BNM), she said that the country is using new financial technologies, including the Blockchain, for the development of banking services.

Space in the Blockchain industry is in many jurisdictions, has put together resources to cover the costs of the experiments related to the development of scalable use cases for the application of this technology.

The number of use cases for blockchain technology continues to increase.

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

According to a press release, Brussels was chosen as location of the center of the Blockchain using the advantages of geographical, political, technological and language for international organizations that consider the application of this technology..

The article gave an overview of how to use bitcoin, bitcoin's volatility, the need for a bitcoin wallet, the basics of its underlying blockchain technology, and the need to stay up to date with new developments.

The ability to create decentralized applications (DApps) is widely considered to be one of the most promising use cases for blockchain technology.

It is an Ethereum based network that uses the technology of blockchains for its operation.

Payments and the representation of fiat currency on Blockchains is a potentially significant use case for distributed ledger technology and we firmly believe that partnership between regulators, central banks and the financial services sector will accelerate solutions to maturity.»

Suchapp is an online texting platform that uses the technology of blockchains for its operation.

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.