Distributed Ledger Technology (DLT) has the potential to transform the business of any domain. Know-how of DLT requires both research and hands-on experience in implementing real-life applications. At Codezeros, every client is introduced with the distributed ledger technology along with industry use cases pertaining to their business needs.
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
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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.
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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.
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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.
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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.
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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.
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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.
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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
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