distributed ledger technology



The know-your-customer (KYC) due diligence process is outdated and generates costs of up to USD 500 million per year per bank. The authors propose a new system, based on distributed ledger technology (DLT), that reduces the costs of the core KYC verification

Scripting smart contracts for distributed ledger technology .
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We give an overview of the scripting languages used in existing cryptocurrencies, and in particular we review in some detail the scripting languages of Bitcoin, Nxt and Ethereum, in the context of a high-level overview of Distributed Ledger Technology and cryptocurrencies

Blockchain/ distributed ledger technology (DLT): What impact on the financial sector
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Blockchain technology along with distributed ledger technology (DLT), has caused quite a stir over the last year as many experts now consider that it has the potential for facilitating multiple bursts of creativity and catalysing an exceptional level of digital innovation not seen

Pragmatic, interdisciplinary perspectives on blockchain and distributed ledger technology : paving the future for healthcare
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Background: Blockchain and distributed ledger technology is a disruptive force in healthcare. Methods: This article provides a globally relevant, interdisciplinary perspective intended to aid disparate group of actors, participants, and users that represent the diverse

A Comprehensive Reference Model for Blockchain-based Distributed Ledger Technology .
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Blockchain is a distributed transactional database that is shared across all the nodes participating in the network. This is the main technical innovation of Bitcoin and it acts as a public ledger for the transactions. However, this technology lacks standardisation and1 Background and Aspirations The blockchain is a distributed ledger technology in the form of a distributed transactional database, secured by cryptography, and governed by a consensus mechanism. A blockchain is essentially a record of digital events

Demystifying Blockchain and distributed ledger technology hype or hero
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Move over Bitcoin. Its the blockchain , the innovation that powers Bitcoin, thats now grabbing all of the headlines. Supporters have been evangelising about the potential transformative power of distributed ledger technologies for some time. Indeed, many claim

Applicability of distributed ledger technology to capital market infrastructure
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Virtual currencies such as Bitcoin have become a popular topic of conversation all over the world. People were initially interested in virtual currency itself, but its underlying technology blockchain or distributed ledger technology (DLT), has attracted a lot of attention recently

Blockchain ready manufacturing supply chain using distributed ledger
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The blockchain technology as a foundation for distributed ledgers offers an innovative platform for a new decentralized and transparent transaction mechanism in industries and businesses. The inherited characteristics of this technology enhance trust through

Securing property rights in India through distributed ledger technology
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India registered rapid economic growth over the past couple of years, with the GDP growing 7.6 percent in 2015-2016. While economic activity remains buoyant, however, the country still has a long way to go. The government must capitalise on the current economic

Discussion Paper on distributed ledger technology
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1.1 We are committed to fostering innovation that advances our objectives. Innovation can arise from diverse sources, such as start-ups, technology providers as well as regulated firms, including large financial institutions. They all have the potential to challenge existing

Cryptocurrencies and Distributed Ledger Technology
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I would like to thank the Australian Business Economists for the invitation to provide a Reserve Bank perspective on cryptocurrencies and distributed ledger technology . This is a topic that is of great interest across the community. It is an area that the Bank has been

Banking on Distributed Ledger Technology : Can It Help Banks Address Financial Inclusion
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Access to financial services is an important policy goal. House By Jesse Leigh Maniff and W. Blake Marsh Jesse Leigh Maniff is a senior analyst at the Federal Reserve Bank of Kansas City. W. Blake Marsh is an economist at the bank. Sabrina Minhas, a research associate at the

RBI Distributed Ledger Technology and Blockchain-A Future of Decentralized India
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Despite various countries getting hands-on technology such as blockchain for banking, transaction, and multiple benefits, a developing country such as India must use these technologies because of the advantages it provides in order to keep pace. In the age of

Distributed ledger technology for the financial industry
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Executive summary Distributed ledger technology also known as blockchain, has been gaining a lot of attention lately. This technology forms the underlying infrastructure of a cryptocurrency called Bitcoin. Thanks to the open architecture of blockchains programming

Distributed Ledger Technologies/Blockchain: Challenges, opportunities and the prospects for standards
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The use of the terms Distributed Ledger Technology and Blockchain is often conflated (Mainelli Mills). Contributing to the lack of clarity regarding terminology is the variety of approaches to and differences in the technical implementation of DLT/Blockchain

Using distributed ledger technology for shareholder rights management
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We study and develop an automated platform for shareholder rights management using Distributed Ledger Technology (DLT), in collaboration with an equity crowdfunding company. DLT has high impact potential for the multi-agent systems domain, as it allows

Control of Cyber-Physical Production Systems: A Concept to Increase the Trustworthiness within Multi-Agent Systems with Distributed Ledger Technology .
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In the course of increasing the flexibility in the area of production, industrial enterprises have been presented with cyber-physical production systems (CPPS). Through the use of autonomously acting CPPS and CPPS components which often receive multi-agent

Blockchain technology and education
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As (ENISA) summarised, the following aspects give an improved view of BCT or the Distributed Ledger Technology (DLT): (1) there is no central server/authority; (2) network connections are peer-to-peer and Internet based; 3) all participants comply with the ledger rules

Distributed Ledger Technology Blockchain Minitrack
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Among other promising technologies, Distributed Ledger Technologies (DLTs), often referred to as Blockchain, promise to be one of the most disruptive technologies since the invention of the internets TCP/IP protocol, yet this technology so far lacks scholarly attention