DLT & Blockchain DApp Applications    June 2021

                                       

֎ Cooper Applied Technology .com

 

 Distributed Ledger Technology (DLT) and  Blockchain Technology

 Applications 

 Smart Contracts -- Web Apps to DApps -- NFT minting

 

Money was Power for the few---now Technology is the Power for all

 

 

Distributed Ledger Technology (DLT) is a type of database that is shared, replicated, and synchronized

 among the members of a decentralized network.  Every distributed ledger has a timestamp

and unique cryptographic signature, an audit trail, consensus algorithm by the nodes, immutable history

of all transactions in the network. TRUST  means  TRUSTWORTHY

 

Blockchain Technology a subset of DLT is decentralized & no single person has control hence

all users collectively retain control.

·                    Blockchain blocks incorporate encoded data & either proof of work or proof of stack, consensus algorithms, smart

·                    contracts (computer program logic) & meta data to create value.  As new transaction data is generated, it is entered into

·                    a new immutable irreversible secure ledger block, verified, encoded hash & chained onto the previous ledger block.

·         Blockchain  uses the internet as there is no restraint to distance or time generating network effects.

 

NFT vs FT ?

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.

A non-fungible token (NFT), is a blockchain-based tokenized ledger generated through cryptographic hashing

methods and leverages blockchain technology for linking unique (one of a kind) digital assets.

NFT can be 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 includes Meta Data (data about data) (what, when, where, how)) & smart contracts.

 Smart contracts are computer code within the blockchain that can control assets (cryptocurrency) within the same blockchain.

In order to qualify as a smart contract, the code must execute automatically, be trackable, inalterable, and irreversible.

 Smart contracts enable the transfer of everything from bitcoin and fiat currency to goods & services transported around the world.

 Smart contracts eliminate central authority or middleman, is self-executing (if-then-else logic) & specifies the rights

 of the buyer & seller, hash security and can interact with DApps. NFT missing meta data has little value

because 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 for such as fiat currency, US dollar, etc.

 

Blockchain is poised to disrupt virtually every business with Blockchain, Smart Contracts & DApps. Why?

  no middlemAn, brokers,

INTERMEDIARIES or 3rd party applications

What is a DApp?

A DApp is a decentralized application built on a decentralized network not a centralized server. DApps combines a backend

 smart contract using “IF-THEN-ELSE” conditions and allows the execution of legal-like functions that controls the DApp and

a frontend user interface. Existing Business Web Apps can be converted into decentralized DApps. 

We can share with you how to convert your existing 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

Examples of DApps:

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

DeFi  decentralized finance

Fungible & non-fungible token DApps

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Can you describe your business platform model? Is it Trusted? Don’t have one.

Or

Are you on your own?  We will share with you how you can build a successful business with

 Collaboration and Trust

Monetize!

 

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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.

 

Reply  2Day 

 

mailto: MJ Smart- chief technology engineer

mailto: David Wakefield-proven business creator and builder

 Richard Cooper- CEO  CTO

 

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