Beyond Bitcoin: Unique Application of the Blockchain Technology
From multi-billion dollar financial institutions-including Goldman Sachs, JPMorgan and Citibank-to retail giants such as Overstock, global industry leaders have examined the unique applications of the blockchain technology, also known as a distributed ledger technology. A few months ago, Overstock CEO Patrick Bryne, for example, launched a blockchain-based asset and securities settlement system called Medici, as an alternative to traditional stock markets and exchanges. Today, Commonwealth Bank of Australia launched a blockchain network of their own to support their customers,....
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The Chamber of Digital Commerce has announced the launch of its DC Blockchain Submit, which will be hosted at Georgetown University on March 3, 2016, to explore policy challenges and application of the blockchain technology. The event will be joined by tech conglomerates, financial experts, government agencies, bitcoin startups, and cryptocurrency enthusiasts, bringing together top-funded technology firms to demonstrate unique use cases for the Bitcoin blockchain technology. Some of the many applications of the blockchain technology which will covered in the Blockchain Innovation Showcase....
VeChain is a subsidiary and in-production blockchain platform of BitSE, a Blockchain-as-Service provider. That’s right – companies are actually using the proprietary, permissioned ledger based on Ethereum in the now. PwC, the multinational professional services firm, recently invested in Singapore-based VeChain S.E.A with hopes of helping to expand the blockchain-product into South East Asia, Australia, and New Zealand. No proof-of-concept, consumers can already buy wine in DIG with the VeChain application, as well as track information about a particular wine. Babyghost fashion clothes....
Samsung Electronics has teamed up with IBM to develop a new application using the blockchain technology which is the basis for the digital currency Bitcoin. The announcement comes closely after the Silicon Valley subsidiary Samsung Research America of the Suwon-based mobile phone maker Samsung Electronics announced on April 10 that it will "develop a new online transaction verification technology through application of the Bitcoin's blockchain technology." Steve Rahman, Director of Strategy at Samsung Research America said, "The blockchain technology is very interesting in general, and it....
A UK-based blockchain startup, Electron has created a demo application for the country's energy industry. The use of blockchain technology in different industries doesn’t need any introduction. Electron, a London-based startup is now working on implementing the very technology to UK’s energy sector. According to reports, Electron is lobbying for the country’s energy sector to implement Ethereum blockchain-based applications to record and manage energy consumption. In order to achieve the intended goal, the company has also created a demo application using placeholder simulated data from....
Decentralized apps are becoming the new norm in the world of blockchain technology. The benefits offered by DApps attract a lot of attention, and it seems as if the future role of this technology in the payment sector is only a matter of time. Also read: Here’s Why Your House is ‘Much More Valuable’ on the Blockchain What makes DApps so appealing to....