DLT &
Blockchain DApp Applications July 2021
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֎ Cooper Applied
Technology .com APPLYING
TECHNOLOGY --- consultants & advisors Distributed Ledger Technology (DLT) and Blockchain Technology Smart Contracts -- Web Apps to DApps – NFT minting Internet of Things (IoT) sensors & actuators secured with private
Blockchain productive – competitive – efficient - profitability |
Distributed
Ledger Technology (DLT) is a type of
database ledger that is shared, replicated, and synchronized
among the members of a decentralized network
and has have no central data store, no middleman or
central administration mediation. Every distributed ledger has
a timestamp,
unique cryptographic hash signature, audit
trail, consensus algorithm and
immutable history of all transactions in the
network. TRUST means TRUSTWORTHY
Blockchain Technology a subset of DLT is decentralized
ledger blocks or data containers, no central
administration mediation & the blockchain
community collectively retains control.
Blockchain
blocks contain cryptographic hash & cryptographic hash of the previous
block chained in sequence. Cryptographic hash
function is a mathematical algorithm that maps data
of arbitrary size to a bit array of a fixed
size, the hash value. Hashing is
almost impossible to reverse
but just
encryption alone can be reversed or decrypted using a specific key.
If there is no previous block, this being the
first block, it is referred to as the genesis block.
As new transaction data is created,
it is entered into a new immutable irreversible ledger block with a new
generated cryptographic hash plus
the cryptographic hash of the previous block (if available) in sequence for
consensus verification by the nodes. The new
block if verified is then chained onto the previous ledger block.
Blockchain (public
& private) uses the internet as there is no restraint to distance or time for network effects.
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TOKENIZATION
Tokenization is the process of turning tangible &
intangible sensitive data & assets
using generated mathematical
algorithms into a hash random string of characters called a token that has
no meaningful value
even if unlikely hacked.
NFT’s (non-fungible tokens) is a unit of data represents ownership
& certifies the digital asset is unique
for the original items, art pieces, photographs, patents,
copyrights, real estate and more, is a generated
cryptographic mathematical algorithms code (tokenization)
(smart
contract), not a physical copy
& no
middleman mediation. NFT’s
are unique & can’t be exchanged like-for-like.
The NFT is recorded as a smart
contract in the block of a blockchain & is immutable, irreversible secure ledger
block & cannot be reverse-engineered.
Each NFT token includes Meta Data (data about data, unique
finger print Hash, token name, token symbol
& link to the file).
NFT missing meta data
has little value because there is no proof of ownership, author, file size, date created,
patent & copyright
information, etc.
When an NFT is resold, the smart contract
verifies & assures royalty payments (ERC1155, ERC720) to the
original NFT owner.
FT’s
FT’s (fungible token) are not unique and can be exchanged
like-for-like for such as
fiat currency, US dollar, etc.
Smart Contracts
A smart contract is a tiny digital computer
program installed and stored inside a block of s blockchain designed to
designed to safely and transparently
facilitate the exchange of assets without the need for a middleman.
Smart contracts are designed to execute
automatically when all obligations have
been fulfilled, is trackable,
immutable, irreversible & enables the transfer of everything from bitcoin and fiat
currency, NFT’s, to goods
& services
transported around the world.
When an NFT is resold, the smart contract
verifies & assures royalty payments (ERC1155, ERC720) to the
original NFT owner.
What
is a DApp?
A DApp is a decentralized application built on a decentralized
network not a centralized server or
middleman interference. DApps combines a backend smart contract code that allows the
execution
of legal-like
functions that controls the DApp and a frontend
user interface API. Application Programming Interface
is a software intermediary that allows two applications to talk to each
other.
Existing Business
centralized Web Apps can be converted into decentralized DApps.
Let us share with you how to convert your existing centralized business
applications to DApps that are more trusted
by the users and the users have the control and
ownership of their data and assets. TRUST is the Key
Reverse engineering, take apart the issue & solve
it with Blockchain Technology. Blockchain will disrupt virtually every business
with Smart
Contracts, NFT’s & DApps
to improve productivity - competitiveness --
efficiencies – profitability.
Some
Examples of NFT’s & DApps:
Iot sensors & actuators secured with private Blockchain
NFT gifts for
nonprofit 501c3 donors
Secure & trusted
medical data
Patents, licenses,
Copyrights, other Intellectual property assets
Music royalties
tracking
Cross-border
payments
Personal identity
security
Anti-money
laundering tracking system
Supply chain and
logistics monitoring
Voting mechanism
Advertising insights
Original content
creation
Cryptocurrency
exchange
Real estate smart contracts & tokenization
Insurance smart
contracts claims, etc.
Monetize!
Can you describe your business platform
model? Is it Trusted?
how can you can build a successful
business with
Collaboration and Trust
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here David Asarnow---instructor,
business owner, track record Check us out—you may be surprised! Are you ready to build the last business you will ever build and
stop marketing like everyone else does? More
traffic + More Sales = Revenue & Profits from
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TRUST is our name
Cooper applied technology (USA company, founded 1976) has transformed from an
outdated inefficient analog business into a
Digital Transformation Engineering Company.
Business Accounting,
Electrical Engineering, Finance,
Economics, Blockchain DLT, FT, NFT, Smart Contracts & DApps
serving communities with TRUST to generate a ROI & Profits.
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