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Distributed ledger technologies (DLT) and blockchain

Distributed ledger technologies (DLT) and blockchain

Power your business with secure transactions
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.

Is blockchain right for you?

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.

How DLT can boost your business

Make fraud a thing of the past

DLT and blockchain create a tamper-proof record of all transactions over time. And with end-to-end encryption, the potential for unauthorised access and fraud is virtually eliminated.

Because participans have access to the same information in real time, DLT offers transparency over transactions. You can be assured that those viewing data are entitled to do so, which is a major leap forward in fraud prevention.

Economics of transactions

With is unique potential to streamline and simplify business processes, DLT can reduce your processing costs permanently.

In many cases you can reduce dependence on intermediaries. Although there are many areas that will continue to use third parties, they will not be required to maintain the ledger.

Create your immutable future

With a distributed ledger, transactions cannot be amended or deleted. You have a permanent record of every transaction that can be audited by any authorised participant at any time.

In practice, every verified transaction is embedded in a block creating an indelible history that is cryptographically secured. Data is always up to date and integrity is assured.

Distributed ledger technology is the next phase of the digital revolution, opening up a world of opportunity. Organisations in many sectors can transact with strangers, often without middlemen. Processes can be streamlined and costs reduced. There many obvious applications in financial services - such as payments - but the technology has unlimited use-cases, particularly where a company is part of an ecosystem or has complex internal processes.”

David Creer

Global DLT and Crypto Lead

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Recognised by leading market analysts

GFT recognition by Gartner and Everest Group

Representative Technology Services Provider

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.

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Major Contender and Star Performer

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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