Distributed ledger technologies (DLT) are moving quickly from theory to practice and this is transforming how data is managed and exchanged. Unlike centralised databases, distributed ledgers store information on synchronised independent computers controlled by the individual participants in the network, which increases security and interoperability.
Financial institutions can harness the power of distributed ledgers to trade and track complex financial assets, while companies in other sectors use distributed ledgers to monitor the movement of goods and payments through their supply chains. By pursuing a DLT project, a firm may also benefit from new associated technologies, such as smart contracts, cloud and machine learning that may be integrated.
DLT is collaborative by nature and its “network effect” will generate new business models and processes. While opportunities are only limited by the imagination, DLT is complex and there’s a lot to consider. With an expert partner you can reduce risk and progress faster. GFT has unique practical experience of working with smart contracts, decentralised applications (DAPPs) and network building. We also have a wealth of experience around the maintenance and development of regulated crypto exchanges.