Sentences with phrase «uses of blockchain as»

Instead of using the cryptographically secure tokens to streamline workflows - or even talking about doing so - some of the most recognizable enterprises in blockchain have largely confined themselves to uses of blockchain as a new decentralized database, absent any digital assets.

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.

Two companies — ServeManager, which markets a software platform for process servers, and Integra Ledger, which is developing a blockchain for law — recently worked together to develop a proof of concept (POC) for the use of blockchain as a means of verification of service of process.

ZagTrader has previously proclaimed that it is going to adopt the use of blockchain as part of its technology offerings.

Australia's securities markets regulator is weighing the use of blockchain as part of broader data strategy.

Asayama went on to project that the use of a blockchain as a distribution mechanism for rewards points could yield big results for enterprise users.

Not exact matches

«At the moment the ICO space is a mixture of high risk exploration hybridised with a kickstarter feel — the traditional finance world knows what a blockchain token is and will use it as a form of digital bearer certificate to allow transferal of gold or digital cash,» he wrote.

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.

Along with his friends, Lawrence Diao and Josh Chen, Al - Naji began working on a digital currency that used the blockchain as a form of monetary regulation.

They will be aiming to use blockchains, a technology that made its name as the basis of the cryptocurrency Bitcoin, to maintain secure digital records and improve the traceability of their foodstuffs, like chicken, chocolate, and bananas.

While many banks are using Ripple's blockchain software (known as XCurrent) to keep track of their transfers, only a handful are also using a product (known as XRapid) that integrates XRP.

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.

Ripple, meanwhile, has had a recent run of success as it persuaded more than 100 banks to use its blockchain tools.

Garzik and his partner Matt Roszack expect the financial industry will begin using the blockchain for stock and loan settlements as soon as the end of this year.

[CEO Pavel] Durov's idea is to launch an entirely new blockchain, using the Telegram's 180 million users as rocket fuel to power forward into mainstream adoption off cryptocurrency and making Telegram, effectively, a kingmaker of other cryptocurrencies, because of its existing scale.

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.&raquAs 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.&raquas 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.&raquas 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.»

It's the technology underpinning popular cryptocurrencies like bitcoin and ether, and companies that use blockchains to build their core products can also use them to create tokens as a form of equity.

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.

But many of these exchanges can also be achieved using blockchain technology as a smart contract — or a self - executing contract.

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).

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.

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.»

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

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.»

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.

The most important aspect of this upgrade is that it allows Bitcoin Cash to be used for micro transaction as well as day to day payments, something that wasn't feasible on the original Bitcoin blockchain.

They can be used to exchange money or assets of value across multiple blockchains, used digitally to verify identifications through ICON blockchain ID, and as a vehicle for processing smart contracts.

Apttus» participation in the Center will focus on the issues of enterprise - scale revenue operations as well as the proliferation and use of blockchain.

As this market is so new, microgrid and blockchain markets — two essential components of this opportunity — are as used as proxies for its current size and potential growtAs this market is so new, microgrid and blockchain markets — two essential components of this opportunity — are as used as proxies for its current size and potential growtas used as proxies for its current size and potential growtas proxies for its current size and potential growth.

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.

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.»

As it seeks to build a payment platform using the blockchain, Telegram Group Inc. is tripling the price of coins in its...

Ether, the digital asset used on the Ethereum blockchain, functions as a medium of exchange, or «coin,» but also qualifies as a token and even a security.

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.»

However, as Finextra points out, the hype cycle is calming down as bankers and financial institutions come to recognize that blockchain is best applied to use cases such as cross-border payments, where the risk of relying on outdated technology outweighs hesitance to try a new solution.

What separates decentralized applications from standard applications is the infrastructure of their back - end servers, omitting the use of programming languages such as Rails or Django in favor of blockchain technology — removing centralized hosting services and putting power and voice back in the hands of its users.

«The use of virtual currency transactions has and will continue to expand exponentially, as will blockchain technology applications.

As the only provider of enterprise blockchain solutions, Ripple's growing, global network includes 12 of the top 50 global banks, ten banks in commercial deal phases, and over 30 bank pilots completed, among many others also using Ripple's solutions.

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.

An alternative would be to use some elements of blockchain technology and have some prominent institutions such as financial institutions or the government run or facilitate a «permission - based ledger.»

(One recent legal innovation was the use of blockchain to create The DAO, an autonomous, crowd - funded, and decentralized corporation managed through blockchain, where stakeholders collectively vote on decisions, such as investments from its $ 100M in assets.)

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.

The protocol is considered to have Bitcoin 2.0 properties, as it expands the use of Bitcoin's blockchain.

The advantage of using Bitcoin's blockchain is that it offers features such as robustness and transparency, non-counterfeit ability, immutability, and ease of transfer, thus allowing asset manipulation with unprecedented ease of use and flash - forward security.