DLT & Blockchain DApp Applications    July 2021

                                       

֎ 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.

∞∞∞∞∞∞

 TOKENIZATION and NFT vs FT ?

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

 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.

  no middlemAn, brokers,

INTERMEDIARIES or 3rd party application mediation

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.

Hard Skills and People Soft Skills updates & exchange

DeFi  decentralized finance

 DApps

Books to NFT digital books

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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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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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mailto: David Wakefield-proven business creator and builder

 Richard Cooper- CEO  CTO

 

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