Future Use Cases for Blockchain Technology: Digital ID Verification
The number of use cases for blockchain technology is nearly limitless, but there are certain aspects of life that could, and perhaps even should, benefit from this wave of innovation sooner rather than later. One of the more interesting use cases for blockchain technology is digital ID verification, which makes the entire online experience more....
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It is not the first time Ukraine gets involved with distributed ledger technology provided by the (Ethereum) blockchain. There are many different use cases for the blockchain outside of the realm of finance, and slowly but surely, people see the benefits of this technology. In Ukraine, the next series of elections might make use of the Ethereum Blockchain. Such an electronic election system is quite a novelty in the world of voting, and it can be utilized for different types of elections in the future. One thing election processes lack is transparency, as well as real-time results. Even....
Bitcoin, the cryptocurrency associated with the use of blockchain technology, has struggled to shake of the negative reputation and skepticism for years. However, blockchain itself still holds the tremendous potential to transform, not just the financial industry, but other sectors as well. Blockchain refers to the public ledger of transactions, which are updated upon verification and operate under an additional layer of security. High-powered computers are programmed to solve algorithms to verify each transaction and in doing so, these cannot be amended or deleted. Blockchain Technology....
The Bitcoin ecosystem extends far beyond the realm of finance and money; there are so many use cases for the blockchain technology underpinning the digital currency. While developers and engineers try to come up with creative ways to integrate the blockchain into our daily lives, various conferences are taking place all over the world, which could have implications for Bitcoin and its technology. Crowdsourcing Week Europe 2015 is a premier event that may be of great interest to digital currency enthusiasts. This four-day conference, which takes place in Brussels, Belgium, will highlight....
The Science and Technology (S&T) Directorate of the US Department of Homeland Security is supporting four small firms with funds to use Blockchain technology to support identity management. What are those Blockchain firms? Digital Bazaar, Respect Network, Narf Industries and Celerity Government Solutions will all get $100,000 each. They fall under the Applicability of Blockchain Technology to Identity Management and Privacy Protection research topic. The topic is to use Blockchain technology, which centralizes and validates new entries added into an existing data field to support....
Japan's Ministry of Economy, Trade and Industry (METI) has released the results of a new survey on blockchain technology, recommending that government groups play a leading role in “verifying the validity” of its use cases. Prepared in conjunction with Nomura Research Institute (NRI), the 75-page report provides an overview of the technology, from detailing the step-by-step workings of a bitcoin transaction to outlining how the mechanics of the protocol could create stresses if applied to existing business practices. Most notably, the report outlines the specific use cases it sees as being....