Sentences with phrase «uses of the blockchain technology at»

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While there are now many virtual currencies, each with its own blockchain, there are also many government and corporate efforts looking at ways to use blockchain technology to securely record other kinds of data.

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.

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 page paraphrases Ninou Sarwono, the firm's emerging technology lead, as saying, «All sorts of transactions — from stock and bond trades to voting — can be sped up, made more secure, and executed at lower cost using blockchain.»

Prior to joining Blockchain Capital, Spencer was a Vice President at Needham & Company, where he authored Wall Street's first industry report highlighting the use - cases, companies and potential of blockchain tBlockchain Capital, Spencer was a Vice President at Needham & Company, where he authored Wall Street's first industry report highlighting the use - cases, companies and potential of blockchain tblockchain technology.

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.

Blockchain technologies can be used as a store of value, in trading and payment transactions, and to transfer and move money either domestically or international at a faster speed and a lower cost than the traditional financial institution or intermediary is able to — just to name a few use cases.

From solutions designed to increase the use of new technologies like the blockchain, to those aimed at giving consumers a more personalized set of products and services, APIs are being used to unlock all kinds of new capabilities.

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.

As part of the project, a COMSA team is now already in place to provide companies with consultation, expertise and solutions to support their very own ICOs and implement blockchain technology into their business practices using our Zaif exchange and mijin private blockchain software, all at the same time, as a one - stop solution.

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.

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.

This session looks at the use of technology in financial crime cases, as compared to traditional methods of gaining evidence on individuals and companies, and the challenges of investigating and locating evidence in the age of blockchain, cryptocurrencies, and the cloud, and considers the best use of personnel, remedies, systems and processes for effective asset recovery.

In this white paper, sent first to Legal IT Insider in the legal sector, the UK top 40 firm looks at how blockchain technology offers the potential to break down many of the structural issues that have created frictions and a lack of trust in insurance markets and gives examples of its current uses.

With the state taking a leadership role in using and welcoming blockchain technology, you need the skilled Chicago business lawyers at Bellas & Wachowski Attorneys at Law to keep track of this cutting - edge technology and the ways that it can benefit your Chicago small business.

In a series of articles looking at the issues surrounding the use of blockchain technology in a legal context, we've looked at the issues around Initial Coin Offerings and will be publishing our thoughts on whether the new rights granted to individuals under the GDPR are as much of a hurdle to blockchain solutions as some have reported.

If this legislation is enacted, it ensures blockchain users and developers that they can freely use the technology in the state without worrying about the possibility of local governments trying to restrict or tax their efforts at some point in the future.

At the DC Blockchain Summit, officials from the Trump administration expressed an interest in the uses of block chain technology for public policy.

«Through the use of blockchain technology and tokenisation, we have developed a platform that makes it possible to serve the financially excluded economically at scale.

IBM is trying to position itself at the forefront of the «heated» competition for practical uses of blockchain technology.

Enterprise use of blockchain technology has evolved at an almost unfathomable rate over the past 24 months.

«The big Chinese traders are all using CoinCola or going direct to each other through other OTC platforms,» like WeChat or AliPay, said Christian Grewell, a professor of business and interactive media arts at NYU in Shanghai who has lectured extensively on cryptocurrencies and blockchain technology.

Lee was a former Director of Engineering at Coinbase Just like its elder brother Bitcoin, Litecoin allows people to send funds digitally using the Blockchain technology.

When Chris Finan left his job as a cybersecurity advisor at the White House, he used his experience to build a blockchain technology and security startup in Silicon Valley, and he convinced the Royal Bank of Canada (RBC) to hire his...

By using the protocol, communication platforms will reap the benefits of decentralized Blockchain technology at low cost.

At this year's AWS re: Invent conference in Las Vegas, CEO Andy Jassy made clear AWS» stance on the popular technology, telling journalists that while they have «a lot of customers and partners who either build blockchains on top of AWS or are building services to use blockchain on top of AWS,»

Among the companies that made it to the next phase, Loyyal, a loyalty and rewards platform, signed a deal with Dubai Holding for a pilot deployment aimed at creating the «internet of loyalty points, promotions and rewards» by using blockchain technology.

Technically, Ethereum isn't a cryptocurrency at all, but a special kind of blockchain technology that not only powers Ether transfers between people, but can be used to create all kinds of other cryptocurrencies — and it has.

The project is aimed at helping banks reconcile data about their counterparts with the use of blockchain technology (smart contracts)

Geoffrey Smith, a Finance Professor at W. P. Carey School of Business at Arizona State University, told IBT, «I think the market will continue to grow as people find more uses for blockchain technology and digital currency.

Revealed today at CoinDesk's Consensus 2017 conference, Deloitte has officially joined the Enterprise Ethereum Alliance, launched in February to promote corporate use of the ethereum blockchain, and the Hyperledger project, the Linux - led umbrella effort that houses various open - source enterprise distributed ledger technologies contributed by members.

Instead, British pounds were «tokenized,» using blockchain startup Nivaura's technology, meaning tokens representing pounds were issued to the investors and the cash itself was stored in accounts at Bank of New York Mellon and the U.K.'s Metro Bank.

At the instant of purchase, the items will be directly sent to the player's digital wallet using blockchain technology and finish a completely secure digital transaction.

As such, the Lightning Network, the long - awaited Bitcoin overlay network for cheap and instant transactions, is by many of its developers considered safe enough to use on Bitcoin's mainnet: a major milestone for the technology that has been years in the making.In our featured cover story this month, tech writer Aaron van Wirdum recounts the story behind this important addition to the Bitcoin ecosystem.Vitalik Buterin and Joseph Poon Call Out Craig Wright at Deconomy 2018Sparks flew at the Deconomy blockchain forum this week in Seoul, South Korea, following a presentation by self - proclaimed «Satoshi Nakamoto,» Craig S. Wright, when he was challenged by Ethereum creator, Vitalik Buterin, and called a «fraud.»

All in all, at a time when the Chinese government is pushing forward the development of the blockchain technology and industry, it's no doubt a bold effort for the taxation authorities, one of the most important departments in the country, to experiment with using blockchain technology in social tax collection and electronic invoice issuance.

The AIFC's working group is aimed at development of legislation regulating cryptocurrency transactions; establishing the ecosystem for the use of distributed ledger technology, crypto assets and blockchain based projects; formation of a favorable environment for innovative development of Kazakhstan and elaborating the dialogue among business, citizens, and government and improving the investment climate in Kazakhstan for development and support of innovative technologies.

Caving to customer pressure after admitting that the Santander Group began using Blockchain technology in the fourth quarter of 2017 to reduce costs and make cross-border payment transactions more efficient, Banco Santander - Portugal changed its policy about shutting down its customer's cross-border cryptocurrency trades at foreign cryptocurrency exchanges like Luxembourg - based Bitstamp and US - based Coinbase.

Penned by Ethereum inventor Vitalik Buterin, the more than 40 - page report provides a technical overview of Ethereum's architecture and applications in finance, as well as an analytical look at how financial institutions can seek to build private blockchains using the technology and the issues they may face in doing so.

Nevertheless, several projects and companies insist on looking at Blockchain - based solutions for storage and, while there are clear cases of misguided enthusiasm when it comes to the use of Blockchain technology, there are some projects out there that are worth taking a look at.

At a working group meeting of the Hyperledger blockchain project today, a representative for global professional services company Accenture pitched the early phases of a project designed to fight the spread of counterfeit drugs using blockchain technology.

Tim Swanson, Director of Market Research at R3CEV has even coined the term «chain washing» to describe companies / startups that are using or trying to use Blockchain technology in certain areas when in fact, they could be using more advanced technology for the purpose at hand.

All member fees are collected by Primechain Technologies to develop blockchain technologies for member banks to lower overhead costs, process transactions more quickly, provide the security of the banking system, use specialized and highly optimized permissioned blockchains to facilitate information sharing among the banking institutions that are members of the network» explained Rohas Nagpal, Chief Blockchain Architect at Primechain Tecblockchain technologies for member banks to lower overhead costs, process transactions more quickly, provide the security of the banking system, use specialized and highly optimized permissioned blockchains to facilitate information sharing among the banking institutions that are members of the network» explained Rohas Nagpal, Chief Blockchain Architect at Primechain TecBlockchain Architect at Primechain Technologies.

«Many of you have heard about not only bitcoins but blockchains and that unbelievable technology that underlies the bitcoins of this world at the moment, and how incredibly convenient it will be to actually generate trust and identify players and whatever pseudo they decide to use,» she said, according to FT. «And many of you in the industry are actually worried that those technologies are going to massively disrupt the current industry.»

Electron has long touted the benefits of using blockchain technology to upgrade the energy industry's infrastructure (some 30 - 40 years old at this point) for efficient power sharing with major cost savings.

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.

Today, blockchain technology is still at an early stage of its development and will be used in new interesting projects in the future, according to cryptocurrency expert Bogdan Shelygin.