DLT &
Blockchain DApp Applications June 2021
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֎ 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.
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
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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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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