by neolu | Aug 17, 2017 | Industry, Use Case
Background The world of technology is moving at quite a pace. With everything from smartphones and smart kettles to multinational corporations holding their data on the cloud, our lives are increasingly being controlled from one centralised system: the Internet of...
by neolu | Jun 8, 2017 | Industry, Use Case
Background Driverless cars… sound like something out of a science fiction movie? Not anymore. The future of autonomous technology is fast approaching and driverless car technology is the new focus of advancement. Where smart houses – a house where technology linked...
by neolu | May 9, 2017 | Industry, Use Case
Background The digital music industry is faced with a plethora of challenges. Piracy is rife, content is being used illegally and musicians are feeling the effect of low paying streaming services. Fortunately, musicians and those working in the digital music industry...
by neolu | Apr 27, 2017 | Government, Use Case
Overview Novel payment models will enable HM Treasury (HMT) and the Department for Work and Pensions (DWP) to distribute welfare support more efficiently and improve policy delivery. By applying DLTs in the registration and payment processes for government grants and...
by neolu | Apr 27, 2017 | Government, Use Case
Overview The economy can be categorised in many ways, including (i) the tax-compliant economy, (ii) the tax quasi-compliant economy and (iii) the tax non-compliant (or ‘black market’) economy. Value-added-technology(VAT) shortfalls occur in all three for a variety of...
by neolu | Apr 27, 2017 | Blockchain Security, Use Case
User authorization in blockchains is performed using public key cryptography. In the simplest case, blockchain-based assets are bearer assets; i.e., the ownership of an asset is determined by the knowledge of a private key. Two-factor authentication or other security...
by neolu | Apr 27, 2017 | Finance, Use Case
Digitization and automation of trade processes has been ongoing for many years, but the banks’ updated processes are still largely based around the logistics of handling physical documents. A lot of processes share similar characteristics, but requires completely...
by neolu | Apr 26, 2017 | Finance, Use Case
To achieve real-time payments on an international scale, there will be a need to introduce foreign exchange (FX) market makers to the blockchain network. They will perform currency conversions on transactions between consumer bank accounts. Central bank participation...
by neolu | Apr 26, 2017 | Government, Use Case
Overview Distributed Ledger Technology (DLTs) can enable the UK and its government to better protect critical civil infrastructure against cyberattacks. Background Digital technologies are increasingly embedded in countries’ critical infrastructures, and many of these...
by neolu | Apr 26, 2017 | Finance, Use Case
There is a strong drive within Europe to achieve “instant payment solution should become available to end-users in the short term, consisting of a common scheme cooperatively developed on the market.” Government regulators believe that faster payments will accelerate...
by neolu | Apr 26, 2017 | Finance, Use Case
What is Smart Contract Being familiar with the concept of smart contracts is paramount to understanding how the value web will be used to handle all sorts of value transactions in the future. A general definition of a smart contract would be a computer program that...
by neolu | Apr 12, 2017 | Finance, Use Case
Background Clearing, settlement, custody and registration services all add a significant cost burden to issuing, trading and holding securities. There are a plethora of specialist agents and counterparties involved in moving securities and cash between investors. Not...
by neolu | Apr 12, 2017 | Finance, Use Case
Overview One of the greatest potential benefits of Distributed Ledger Technology (DLT) is its ability to remove barriers and friction in the market and enable the creation of new forms of information marketplaces. The sharing of information between economic entities...
by neolu | Apr 12, 2017 | Finance, Use Case
The European Commission Energy Union Framework Strategy sets out the vision of an ‘Energy Union’ “with citizens at its core, where citizens take ownership of the energy transition, benefit from new technologies to reduce their bills, participate actively in the...
by neolu | Apr 12, 2017 | Finance, Use Case
As the Blockchain technology matured, the development focus started to shift away from handling exclusively cryptocurrencies and started to use the public ledger to register physical assets. This shift started happening around the second half of 2013 and heralded the...
by neolu | Apr 11, 2017 | Finance, Use Case
Background The illiquidity of start-up investment is a common complaint from angel investors and founders alike. Backers typically need to part with at least €10,000, and must often wait 5 or more years to exit. Funderbeam — a reputed business intelligence platform...
by neolu | Apr 11, 2017 | Finance, Use Case
Overview Distributed Ledger Technology (DLT) could enable the government to better control the distribution of foreign aid, and to ensure that the funds reach the intended recipients. This will also help ministers improve transparency and encourage effective financial...
by neolu | Apr 11, 2017 | Finance, Use Case
Background Listed companies must provide their annual accounts in a structured format, but any company announcements that may require action by investors or their representatives — known as corporate actions — are typically published as unstructured text, or in PDF...
by neolu | Apr 6, 2017 | Blockchain Security
Background Since 2013, Estonian government registers — including those hosting all citizen and business related information — have used Guardtime to authenticate the data in its databases. Their Keyless Signature Infrastructure (KSI) pairs cryptographic ‘hash...
by neolu | Apr 6, 2017 | Blockchain Security
A pioneering bank issues cryptocurrency securities Earlier this year, LHV Pank — the largest independent Estonian bank — became the first bank in the world to experiment with programmable money when it issued €100,000 worth of cryptographically-protected certificates...
