What is distributed ledger technology?
Since ancient times, ledgers have been at the heart of economic transactions – to record contracts, payments or movement of assets and property. Today, with the advent of distributed ledger technology, the information stored on computers is moving towards much higher forms which is cryptographically secured, fast and decentralized.

• Transparency
  Data on a distributed ledger is more accurate, consistent and transparent than data stored conventionally. Unlike blockchain, independent, centralized databases require all contracting parties to reconcile their records before finality can be agreed.
• Security
  Agreed transactions are encrypted and linked to the previous transactions. Together with the fact that information is stored across a network of computers instead of on a single server makes it very difficult for hackers to compromise the transaction data.
• Audit
  Data recorded on a blockchain is immutable. There is an audit trail of every transaction since inception making it possible to trace a traded asset right back to its origin. This historical transaction data can help to verify the authenticity of assets and prevent fraud.
• Efficiency
  Record-keeping is performed using a single digital ledger that is shared among participants, removing the need for time-consuming and costly reconciliations. Transactions can be completed more quickly and efficiently.
• Automation
  Using smart contracts (blocks of code programmed to perform certain tasks exactly in accordance with pre-determined rules), there are new opportunities to automate processes, creating value that surpasses robotic process automation.
• Total cost reduction
  The implementation of “business logic” into smart contracts can reduce costs by freeing up humans for more productive tasks. Access to the same information makes it easier to trust each other without the need for intermediaries.

Product benefits
Designing and developing blockchain solutions from scratch is time consuming, risky and expensive. Our cloud based solution is very quick and cost effective.

• Rapid deployment
  Using our existing toolkit of smart contracts, APIs and UI templates, prototypes / proofs of concept can be built in days.
• No knowledge required
  Supermoney lets you create and manage digital assets without having to learn to code smart contracts or deploy nodes etc.
• Secure & reliable
  Deployed on IBM and Oracle Blockchain Platforms ensures the highest standards in security, control and reliability.
• Easy integration
  Our comprehensive suite of RESTful API endpoints makes it easy to integrate into existing or new workflows and applications.