The Washoe County digital marriage certificate program uses the Ethereum blockchain to store marriage certificates, two to the fact that Ethereum is the largest smart contract enabled blockchain which makes performing functions like this easy and secure. Bitcoin's blockchain is optimized for secure transactions, while Ethereum is known as a complete blockchain that can run decentralized applications.
Phil Dhingra of the San Fransisco based Titan Seal claims that people are happier with the service. It can be received digitally via email within 24 hours. It is known as "Proof of Marriage" and similar to Proof of Work and Proof of Stakes.
Seen is on the blockchain. David Mondrus, the founder of Trive News, married his wife Joyce back in 2014. This made waves in the industry.
The Spotlight on Ethereum
There are several companies that are taking advantage of Ethereum's blockchain and other networks like it. Many refer to these types of blockchains as "dApp platforms" short for decentralized application platforms, or smart contract platforms. Ethereum has a virtual machine as well as its own programming language, Solidity, which allows developers to create smart contracts.
Smart contracts are basically pieces of software, mostly acting like middleware, which can perform very specific functions. In a nutshell, smart contracts are automated, executable contracts. Automating the functions of an escrow is one common use for smart contracts.
The initial investment offering (ICO) was started in 2017. An ICO is when projects issue tokens, at a certain rate, to raise funds to support their initial efforts as a company.
Civic is one of the company taking advantage of Ethereum's blockchain. They issued tokens through an ICO raising to reported $ 33 million. Entrepreneur Vinny Lingham, also a South African Shark Tank host, is the founder of CIvic. Civic is a secure identity management platform for users to upload and secure their identities. KYC processes more streamlined and give people back control over their identity data. For example, if a bank, credit company, or doctor's office is onboarding you as a client, they generally need to retrieve your date from several different agencies that can be timely and costly. If your data is a valid and reliable application such as Civic, then you can leave another party to access your data.
Even after a long, down trending market, there are lots of activity in the blockchain space. The fundamentals are high, and the technology is not going anywhere. With prices sitting at the market.
