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How startups and VCs can accelerate blockchain adoption
Startups and venture capital funds are often at the forefront of new technology and have a key part to play in web3 and blockchain adoption.
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Using blockchain in the automotive sector
While companies around the world are grappling with how best to integrate blockchain and other emerging technologies into their businesses, the automotive industry is taking it in its stride.
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Using nLockTime for business funding
In the final session on day two, Dr Wright asked the attendees to think of ways to use nLocktime to make business easier for small to medium companies, such as by helping them raise money, sell bonds, and capture market data.
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Logistics, supply chain management and stock control
In the third session on day two, Dr Wright looked at the usage of nLocktime contracts in supply chains and services. He also held a workshop with attendees imagining different products and services that can be created using them.
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Time-locked DFAs
In the second session on day two, Dr Wright asked attendees to think of ways to use time-locked Deterministic Finite Automata (DFAs) to create processes for creating products or services. This included everything from shipbuilding and construction to issuing degrees.
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Conflicts with alternative nLockTime
In the third session on day one, Wright discussed the potential complexity of contracts on Bitcoin and how to handle situations where time-based transactions might conflict.
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Integrating payment channels and nLockTime
Wright discussed the difference between holding Bitcoin for speculation purposes and using it for its intended purpose as a payments system.
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Using micropayments for pay-per-use models in the public sector
Pay-per-use models with micropayments can make certain public services more accessible to low-income individuals who might find it challenging to afford flat fees.
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nLockTime vs other solutions
In the first session on day one, Wright discussed the differences between nLockTime and some of the alternative solutions on BTC and why these differences are so important.
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Unlocking transparency and accountability: NFTs in government
Blockchain and Non-Fungible Tokens (NFTs) have the potential to significantly enhance transparency in the public sector in several ways. However, governments also need to be educated on how exactly NFTs and blockchain can be used to help citizens.