Blockchain
Applications May 2021
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֎ Cooper Applied
Technology .com Business
Applications & Services for Distributed
Ledger Technology (DLT) and Blockchain Technology Meta Data +
Smart Contracts + DApps for NFT
minting Money was Power for the few---now Technology is the Power for all Blockchain Building Blocks and Monetization |
Distributed Ledger Technology (DLT) is a
protocol that enables the secure functioning of a decentralized
digital data
base. Distributed decentralized
networks eliminate the need for a central authority &
middleman to keep
a check against manipulation & hacking.
DLT allows for
storage of all information in a secure and accurate manner using cryptography.
TRUST
Blockchain a
subset of DLT are
decentralized connected blocks in chronological
order on a network of connected
devices across communities &
participants. No
single person has control hence all users collectively retain control.
·
smart contracts (in computer code),
meta data & DApps. As new transaction data is generated, it is
entered
·
into a new immutable irreversible
secure ledger block, verified, encoded & chained onto the previous ledger
block.
·
Blockchain uses the internet as there is no
restraint to distance & time generating network effects.
A non-fungible token (NFT), is a blockchain-based tokenized ledger generated through cryptographic hashing
methods and leverages blockchain technology for
linking unique digital assets that cannot be replicated.
NFT
can be of a collectible item, art piece. photograph, patent, copyright. NFTs are unique, can’t be
exchanged like-for-like & are stored publicly for verification on the Ethereum blockchain network.
Each NFT
token should include Meta Data, a Smart Contract that is self-executing
(if/then) & specifies the rights
of the buyer & seller, and DApps. NFT missing meta data has little value, as it is unable to
provide
proof
of ownership, author, file size, date created, patent &
copyright information, etc.
When an NFT is resold, the smart contract
assures royalty payments (ERC1155, ERC720) to the
original NFT owner verified on Ethereum
blockchain network.
A Fungible token (FT) is not unique and can be exchanged
like-for-like such as fiat currency, US dollar, etc.
Tokenization is the
process of creating digital (digitizing) versions or copies of original
physical assets & intangible
intellectual property into a NFT data ledger for Ethereum blockchain.
Blockchain distributed ledgers can be built on top of existing business’s
Hard Assets, Soft Assets (human skills) &
Intangible
Intellectual Property.
█ Blockchain is poised to disrupt virtually every
business with Blockchain & Smart Contracts
technology. Why? █
Efficiency, Scalability, Growth, Security, Profitability and most
important TRUST
Just
Some business examples:
Secure & trusted
medical data
Patents, licenses,
Copyrights, other Intellectual property assets
Music royalties
tracking
Cross-border
payments
Real-time IoT
operating systems
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.
Hard Skills and
People Soft Skills updates & exchange
Fungible & non-fungible token DApps
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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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