Menu

Search

  |   Fintech

Menu

  |   Fintech

Search

Former Green Beret To Launch DisLedger®; A Faster, More Secure Alternative To Blockchain

(Corrected Token price from $3 to $30 in third last paragraph.)

On September 1st, former US Army Special Forces Engineer Sergeant, Dan Conner will launch a company called DisLedger®. With its patent-pending Distributed Concurrence Ledger (DCL) technology, the new service will provide companies with a faster, more private means of conducting digital transactions compared to Blockchain.

Although Blockchain is considered a revolutionary platform that offers transparency and security, it leaves much to be desired. For one thing, it can’t process high-volume transactions without getting bogged down. It also exposes companies to the risk of data mining by competitors. These are the issues that Conner hopes to address with DisLedger®.

In essence, DisLedger® will be creating a private ledger that will house information regarding transactions that only the parties involved will be able to see. These can include such activities as payment processing, capital market clearing, and essentially any type of trade.

For example, banks could have a private ledger that allows clients to transfer money to each other without fear of information being leaked to the competition. In the meantime, the banks themselves will be able to keep accurate records of these transactions that are reliable; so each figure up to the smallest decimal point will match with what the other bank sees. This prevents delays and expensive disruptions caused by mismatches in the data.

What’s more, DisLedger® is capable of processing thousands of transactions per second versus blockchain’s capacity of just 7-15, which would make high-volume trading a non-issue. By removing the roadblocks of latencies and lags, companies would be able to conduct considerably more trades in a more consistent manner compared to using Blockchain.

Ultimately, what Conner will be offering with DisLedger® is the option for companies to conduct transactions via a service that offers similar cryptography found in Blockchain without the deficiencies in privacy and speed associated with that platform. DCL is not intended to compete with known cryptocurrencies either, such as Bitcoin (BTC) and Ethereum (ETH). Instead, it simply offers an alternative in terms of what those platforms are used for and where they are used.

It’s worth noting that the service involves the use of Tokens, which essentially act as an Intellectual Property license for companies to use the system. At launch, each Token will be worth $30 and will be connected to the global Ethereum (ETH) network using the ERC20 standard.

Supply is limited to 30 million DCL tokens. Each token represents 1,000 IP licenses for use - which adds up to 30 billion potential transactions - enough supply for a whole year of operations. The launch price works out to $0.03 per transaction which is far cheaper than Ethereum or Bitcoin.

Token launch will be on September 1, 2017, 8AM EDT and will last until September 30, 2017.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 18 13:30 UTC Released

USPhilly Fed Capex Index

Actual

36.2 Mln

Forecast

Previous

38 Mln

January 18 13:30 UTC Released

USPhilly Fed Employment

Actual

16.8 k

Forecast

Previous

18.1 k

January 18 21:30 UTC 364364m

NZManufacturing PMI

Actual

Forecast

Previous

57.7 0

January 19 07:00 UTC 934934m

DEProducer Prices MM

Actual

Forecast

Previous

0.1 %

January 19 07:00 UTC 934934m

DEProducer Prices YY

Actual

Forecast

Previous

2.5 %

January 19 08:00 UTC 994994m

HUGross Wages YY

Actual

Forecast

Previous

12.8 0

January 19 09:00 UTC 10541054m

EZCurrent Account NSA,EUR

Actual

Forecast

Previous

35.9 Bln EUR

January 19 09:00 UTC 10541054m

EZCurrent Account SA, EUR

Actual

Forecast

Previous

30.8 Bln EUR

January 19 09:30 UTC 10841084m

GBRetail Sales MM

Actual

Forecast

Previous

1.1 %

January 19 09:30 UTC 10841084m

GBFuel MM

Actual

Forecast

Previous

1.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.