What it is: DisLedger® is a non-blockchain, distributed ledger technology designed for high-volume transaction processing such as payments and capital markets clearing. DisLedger’s patent pending technology provides a solution for permissioned networks that handle high volumes of transactions, require low-latency, and must maintain data privacy. DisLedger doesn’t compete with permissionless, completely transparent networks like Bitcoin and Ethereum but offers the DLT solution for enterprises like Mastercard, Intel, and SAP who require speed and privacy.
What it does: DisLedger creates a private ledger between the counterparties to a trade. DisLedger doesn’t mix every company’s transactions into one common chain, but keeps each counterparty’s transaction in its own distributed ledger called a Counterparty Ledger. This way DisLedger provides the cryptographic benefits of blockchain but also maintains complete privacy of all transactions; allows for net or gross settlement; processes hundreds of thousands of transactions per second; and does not suffer from latency issues.
The architecture provides the immutable, Golden Record of transactions, reduces clearing time to free up collateral, and supports large-scale, low-value payments such as Internet Of Things (IOT) micropayments. DisLedger provides definitive final settlement for capital markets; processes hundreds of thousands of transactions per second; and supports the regulatory required central clearing parties in the financial market infrastructure.
- DisLedger is scalable for definitive, final settlement of hundreds of thousands of transactions per second. Whereas latency, lag and a lack of finality are noted deficiencies in blockchain, DisLedger can keep pace with the fastest markets.
- Cyber security is greatly enhanced by DisLedger because the network is closed and isolated from the internet; transaction data is only shared between counterparties, no third-parties are involved; and the simple governance model makes it easy to upgrade to new encryption standards including future quantum-computer resistant encryption.
- The transactions are shared with the counterparty directly and are completely private, so competitors will never see the trades. Leakage of business intelligence, the negative consequence of full transparency, is a significant issue in blockchain but is avoided in DisLedger.
- Business continuity is assured as transactions are processed only by the parties to the trade, so third-party competitors can’t block or delay trades in the system.
- The inherently private design of the Counterparty Ledgers supports compliance with data privacy regulations.
Token Launch: DisLedger is offering licenses for its Intellectual Property to users that want to prototype and build their own production DisLedger systems. Instead of requiring users to purchase an enterprise license the technology is available to license on a per-transaction basis. This way organizations do not require a large capital commitment to build and deploy their DisLedger system and will pay only for their actual usage over time. DisLedger provides a fast, private, cost effective solution for high volume transaction processing.
The per-transaction, IP licenses will be issued as ERC20 tokens named ‘DCL’ that can be purchased via the Ethereum network. This is a new use of the ERC20 standard as DisLedger is not offering what most organizations have so far: a coin, ownership in a company, voting rights to a foundation, or security interest. In this case what is being tokenized is a license to use the existing DisLedger technology based on a license agreement that is incorporated within the ERC20 token.
Per-transaction technology licensing is a common practice, and tokenization is used in numerous other types of systems. This approach creates a hybrid system where users process their transactions using DisLedger’s high-speed and private technology, and their licenses to use the technology are processed on the Ethereum network. This pragmatic approach capitalizes on the strengths of the public, global Ethereum system as well as the private DisLedger system. The users benefit as they’ll be able to acquire the rights to use DisLedger’s IP easily and with little up-front cost. DisLedger benefits as it simplifies the management of the licenses; eliminates an enterprise license cost which is a barrier to adoption; and broadens the user community to maximize the network effect. Users will register with DisLedger, be verified, then be given instructions how to purchase DisLedger IP tokens during the soft launch/pre-sale and launch. On a monthly basis users will count the number of transactions they processed and submit that number of DCL tokens to DisLedger on Ethereum.
More information on the DisLedger technology including a technical whitepaper, slides, and a demonstration of the DisLedger DLT in action is available at
DisLedger.
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DisLedger_LaunchTwitter:
@DisLedgerInfoEmail A soft launch/presale will be held prior to the launch date, contact us for details.
The DisLedger architecture is a very different approach to distributing the data than a traditional blockchain with consensus. Please reach out if you have any questions after reading the
technical whitepaper. In the future we'll hold tutorials, webinars, or AMAs to continue the dialog and support the developer community.
If you would like to join the organization we're always looking for great talent! But please no translation reservations or bounty requests on this forum.
