- Technology - much more than process efficiency
- Distributed ledger technologies (DLT) and blockchain
Distributed ledger technologies (DLT) and blockchain
on a trusted network
Why consider blockchain and distributed ledger technology?
Imagine a world where you could transact confidently with strangers.
Distributed ledgers are totally transparent, secure and irrevocable. When a transaction is done, it’s etched on the network. Over time, you automatically generate an immutable audit trail. The obvious applications of blockchain are in financial services but the potential use cases are unlimited.
Build trust instantly
A distributed ledger offers a golden source of information that’s always accurate and up to date. It’s the ideal way to conduct business with unknown third parties, removing the need for extensive background and credit checks.
In many industries, a distributed ledger may also remove the need for intermediaries, boosting efficiency, business agility and resilience.
What is it?
Blockchain is a type of distributed ledger technology (DLT).
All transactions are grouped in blocks that are stored across a shared network.
Because all parties have access to the same data, a blockchain is very difficult to hack, change or defraud. Blockchain marks a new dawn for the way transactions are executed, stored and managed.
How DLT can boost your business
The key to success is to think big and start small. But, above all you must start.
Blockchain and distributed ledger technology have many applications in business and life. There are many applications in financial services where the new technology is gaining traction in payments, money transfers and trade finance.
Blockchain can be used in any sector where a business is part of a large ecosystem. Obvious examples are supply chain management, healthcare, energy and real estate, where companies share information, collaborate and transact.
GFT recognition by Gartner and Everest Group
GFT was named as a Representative Technology Services Provider by Gartner in the 2020 Market Guide for Blockchain Consulting and Proof-of-Concept Development Services.
Gartner "Market Guide for Blockchain Consulting and Proof-of-Concept Development Services" Alexandra Chavez, Chrissy Healey, Susanne Matson, David Groombridge, 26 August 2020; (report available for Gartner subscribers). Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GFT has been positioned as a Major Contender in the Enterprise Blockchain Services PEAK Matrix™ Assessment 2020 and named Star Performer in the current edition.
Everest Group classifies the top worldwide service providers into Leaders, Major Contenders, and Aspirants; based on each provider’s vision & capability and market impact in the specific domain of Blockchain services.
The title of Star Performer relates to year-on-year performance and is bestowed to providers that demonstrate the most improvement on the PEAK Matrix™.
This distinction was accomplished due to GFT’s improvement in both market success and capability advancement.
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Want to automate complex workflows?
Discover how Daml can accelerate the development of multi-party workflows that eliminate duplication and errors. You can also delve into our Daml credentials and learn why GFT is showcased in Gartner’s Toolkit: ‘Vendor Identification for Blockchain Service Providers’.
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Need to share data with multiple parties?
Learn how DLT and smart contracts can transform data exchange and boost your efficiency. You can also read how GFT can offer you a guided journey to DLT success and why we are on the list of integration partners that can offer Daml for Corda services.