![]() Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system - i.e, it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. |
![]() An example of a convener following this strategy is Toyota, whose Research Institute set up the Blockchain Mobility Consortium with four global partners to focus on blockchain solutions for critical accelerators of autonomous vehicles: data sharing, peer-to-peer transaction, and usage-based insurance. |
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![]() Blockchain will simplify the set of concepts revolving around financial services and the complexity of the IT systems. With blockchain, we will have a cryptocurrency that is more stable and safer than any currency that has ever existed before it. |
![]() Spencer Bogart, of Blockchain Capital, sounded similarly resigned to the situation, telling CoinDesk, I think most, if not all, on-chain governance schemes will eventually amount to implicit or explicit vote-buying schemes, so it may be in EOSs interest to simply embrace this fact rather than resist it. |
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![]() Blockchain took things that we have known since the 80s - hash functions, proof of work - and this shows us that we can bring things from the past and use them in the future, she said. Blockchain is still missing the killer app. |
![]() Image source, Getty Images. Cryptocurrency Bitcoin is perhaps the best-known use of blockchain. Blockchain has struggled to find a purpose, beyond powering cryptocurrencies like Bitcoin. In that scenario, the blockchain acts as a universal record of every Bitcoin transaction ever made. |