DLT & Blockchain DApp Applications June 2021
֎ Cooper Applied Technology .com
Distributed Ledger Technology (DLT) and Blockchain Technology
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.
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.
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
Real-time IoT operating systems
Personal identity security
Anti-money laundering tracking system
Supply chain and logistics monitoring
Original content creation
Real estate smart contracts & tokenization
Insurance smart contracts claims, etc.
Can you describe your business platform model? Is it Trusted? Don’t have one.
Are you on your own? We will share with you how you can build a successful business with
Collaboration and Trust
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 existing customers & new customers
affiliated advisors and consultnts
SSL Certified Secure website
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.
cooper applied technology.com (SSL secure)
67 willowcrest dr ste 1441 rochester, ny 14618 USA …….founded 1976 Voice 585-256-0971
All incoming & outgoing emails are scanned for security & are not a source for ROBO calls or SPAM
Email addresses are not published! NO PERSONAL OR BUSINESS INFORMATION IS SOLD!