Companies looking for digital assets for use (in traditional or alternative projects) commercialization or distribution, will have access to an open and fair marketplace where assets and agreements are clearly defined, tracked and mapped in a common and unalterable industry blockchain ledger.
Distributed Ledger Technology is an electronic system or database for recording information that is not executed by a single entity. These allow us to store and use data that can be decentralized (stored in various places) and distributed (connected and therefore can communicate) privately or publicly.
Since DLT does not have a central data store, information is stored in various places on the network. This is accomplished through the use of a peer-to-peer system and consensus algorithms. The data is distributed among various nodes within the network, it is replicated and synchronized.
Every time the ledger is updated, all files are timestamped and assigned their own cryptographic signature. This creates a database of information that is secure and auditable.
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Reality Code relies on blockchain, a DLT or Distributed Ledger Technology, to provide immutability for the authentication of digital assets and their assigned owner or owners. Owners first register and tokenize assets using the Reality Code platform protocol, which in turn generates a unique HashID with an entry on the blockchain. The entry is immutably coded and validated by a distributed system.