The Barbados - based digital currency company, Bitt Inc. and the professional services firm, PricewaterhouseCoopers (PwC) announced that they have executed a memorandum of understanding (MOU) whereby the two entities while remaining independent, will work together to deepen
the use of blockchain technology across the Caribbean.
Our collaboration with BitFury will further cement our leadership position in
the use of Blockchain technologies across our FinTech platforms, taking Credit China Fintech to a new level of competitiveness.»
Not exact matches
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.
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.
For those open - minded lawyers prepared to engage the possibilities,
blockchain — a decentralized database shared
across a network
of computers creating an immutable record in which no single party can alter the data — presents a tremendous opportunity to participate and play a critical role in shaping how the
technology gets
used in practice.
As we see the rise
of more startups
using blockchain to drive transformation
across the digital information ecosystem, they are helping to increase awareness
of the
technology in sectors that range from financial services and the supply chain to infrastructure and public policy.
Blockchain technology is an immutable distributed digital ledger
used to process and record transactions in real - time
across a network
of computers.
It appears that China will enthusiastically adopt
blockchain technology across industries, with a broad range
of use cases.
Lightning already
uses this same
technology to establish bidirectional payment channels on top
of a single
blockchain, so it is no stretch to open channels
across two chains.
Instead
of requiring a central server to process all the information,
blockchain technology distributes the tasks
across a number
of computers,
using cryptography to ensure the information is secure.