Distributed ledger technology (dlt) blockchain creation
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The document discusses Distributed Ledger Technology (DLT) and its various types, including public, private, and consortium models, highlighting their advantages in data security and trustworthiness. It outlines a structured approach for businesses to integrate DLT, emphasizing the importance of tailored strategies and industry-specific use cases. Additionally, the presentation covers the potential applications of DLT in sectors such as banking and finance, categorizing them into value, information, and time-stamp ledgers.
Distributed ledger technology (dlt) blockchain creation
- 1. Distributed Ledger Technology (DLT) Blockchain Creation codezeros.com
- 2. Presentation Outline WHAT WE'RE COVERING • Distributed Ledger Technology (DLT) • Different types of DLT • Advantages of DLT • Possibilities that favor Distributed Ledger Technology Services • Our standard approach in DLT integration for your business • We help businesses considering blockchain convergence • How we do it • Business Use: Distributed Ledger Technology Beyond Blockchain codezeros.com
- 3. What is Distributed Ledger Technology? (DLT): Distributed Ledger Technology (DLT): DLT refers to a fast-evolving approach to recording and sharing data across multiple data stores (or ledgers).This technology allows for transactions and data to be recorded, shared and synchronized across a distributed network of different network participants (see Figure 1 below). More than a single technology, DLT refers to a range of technologies that, while similar in structure, may be implemented in different ways and following different rules. DLTs can be broadly categorized as public or private depending on whether the ledgers can be accessed by anyone or only by the devices (also known as nodes) participating in the network. They can also be classified as permissioned or permissionless based on whether the participants in the network need permission from a specific entity to be able to make changes to the ledger. codezeros.com
- 4. Different types of DLT The most popular types of DLT that are used in industry today can be divided into three groups: • Public. This is a decentralized system where any two parties regardless of their location can transact. Public DLT relies on the consensus of all the nodes. • Private. Often used by enterprises as a corporate database. It’s a permissioned network meaning that different ledgers are still synchronized across the nodes. However, there is an owner who has the power to decide who will get access to the network. • Consortium. Consortium DLT is used by an association of companies that share equal rights over the network. The system lets multiple businesses use the DLT as a decentralized system. These are also called federated DLTs. codezeros.com
- 5. Advantages of DLT:- In DLT, data is 100% tamper proof till the database ledger is distributed. It offers highly secure and trustworthy experience. A decentralized private distributed network enhances the robustness of the system and assures continuous operation without any interruption. codezeros.com
- 6. Our standard approach in DLT integration for your business Change is the only constant yet, change is never easy. We want to make it easy for you to adopt this technology for your business. Distributed Ledger technology integration has never been this easy. With our blockchain developers, a system of proper blockchain architecture, a look into existing business models and use case identification for optimum benefit becomes lawlike. At Codezeros, you are introduced with the distributed ledger technology along with industry use cases pertaining to your business needs. This is followed by developing a distributed ledger technology strategy optimized to your needs. codezeros.comcodezeros.com
- 7. Possibilities that favor Distributed Ledger Technology Services Humans have been recording through ledgers since we started our journey towards civility- after we started building professional relationships. These ledgers were maintained to suffice the only difference between personal relationships and professional ones: Trust- The nucleus of blockchain technology. Distributed Ledger Technology helps in storage of records, data, and information in a tamper-proof, auditable manner which enables the cost-effective transfer of assets. This model makes it not only easily accessible but resistant to alien alterations. codezeros.com
- 8. We help businesses considering blockchain convergence. If you have reached a point where you are considering blockchain as a solution, you are thinking strategically. You must have already assessed options like forking existing codebase or developing one under a standard token before deciding on developing a custom distributed ledger, and we understand that. This is where you end your strategic thinking to pass the baton to us where we will continue the race with conceptual thinking. A unique problem demands a custom solution. At Codezeros, every client is introduced with the distributed ledger technology along with industry use cases pertaining to their business needs. codezeros.com
- 9. How we do it Planning phase You meet our team, discuss all the requirements, your expectations, our provisions, the technologies, and the functionalities. This is where we begin the strategic thinking to create a plan of execution. Pre-initiation phase Before beginning the execution, everything that has been planned according to the requirements given by your team is documented and shared with you. This is also used to create the project backlog. Initiation phase With proper deadlines set, resources are allocated, smaller milestones and deliverables are set, scrums and sprints are planned and now, we are ready to work upon the project. Execution Phase After a formal kick-off, with proper and timely scrums, our team begins work on the set milestones. We send regular reports on the developments to keep you updated on your process. The process after you hand over the baton to us. codezeros.com
- 10. Considering DLT, business use cases in banking and financial sector can be classified into three broad categories based on the type of information stored in a ledger. These three types of ledger are classified as business ledger, information ledger, and time-stamp ledger. • Value Ledger. It is a ledger described by components involving storage and transfer of valuable assets such as when traders buy bitcoin with credit card and undertake financial settlements as in bitcoin wallet. • Information Ledger. The ledger contains details of a business process and relevant information. Examples include trade finance and proxy voting. • Time-Stamp Ledger. As its name suggests, time-stamp ledger contains information of who, what and when the record was created. Business Use: Distributed Ledger Technology Beyond Blockchain
- 11. Strategy, Tactics, and Execution Blockchain will change the way you trust and we will change the way you blockchain. Trust blockchain, trust Codezeros.
- 12. Let's Collaborate India Nr. Divya Bhaskar, Signature 1, 906 to 908, 9th Floor, Sarkhej - Gandhinagar Hwy, Makarba, Ahmedabad, Gujarat 380051 Mobile - +919638998419 Email Id - sales@codezeros.com United State 511 Jordan Ave, Tallassee, AL 36078, USA Mobile - +13152458590 Email Id - sales@codezeros.com Dubai Office no. 2302, JBC 5, JLT Cluster W, Dubai Mobile - +971564153032 Email Id - sales@codezeros.com