With Bitcoin's Price Down, VCs Turning to Blockchain Technology
The rising interest in use cases for bitcoin's underlying distributed ledger, the blockchain, is influencing the investment strategies of venture capitalists, new interviews indicate. Speaking to CoinDesk, some of the ecosystem's most frequent and most vocal investors are suggesting they are now working more closely with banks and putting an increased emphasis on projects that use the bitcoin blockchain or alternative distributed ledgers as a payments rail or distributed database. For example, Bart Stephens, managing partner at Blockchain Capital, which recently rebranded its firm from....
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Blockchain technology has been tapped for several practical applications these days, spanning from creating secure databases to facilitating trade settlement. Word through the grapevine is that international shipping company UPS is also looking into the potential uses of the blockchain in its own operations. Blockchain refers to the distributed public ledger of bitcoin transactions, which are updated and verified by a network of computers solving complex algorithms. The entries are considered anonymous and immutable, as these aren't typically associated with personal identities and it....
A new survey has found that the energy sector in Germany may soon be adopting the blockchain technology with many energy companies outlining a road map for the implementation of the technology in the future, according to the German news site, Contra Magazin. The survey, undertaken by Deutsche Energie-Agentur (German Energy Agency) and ESMT Berlin, looked at the responses from 70 executives serving firms in the energy sector. The results found that 39 percent indicated that their companies have plans in the future to implement the technology. While another 13 percent stated that they....