{"id":14877,"date":"2019-06-10T10:25:19","date_gmt":"2019-06-10T10:25:19","guid":{"rendered":"https:\/\/staging.plasmacomp.com\/?p=14877"},"modified":"2025-12-23T08:31:57","modified_gmt":"2025-12-23T08:31:57","slug":"distributed-ledger-technology","status":"publish","type":"post","link":"https:\/\/www.plasmacomp.com\/home\/use-cases\/distributed-ledger-technology\/","title":{"rendered":"Distributed Ledger Technology Supporting Programmable Money"},"content":{"rendered":"\t\t
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\n Case Study<\/span>\n <\/h4>\n

\n Distributed Ledger Technology Supporting Programmable Money <\/h1>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\t\t\tThe client selected Plasma as its solution provider. The client\u2019s decision was based on Plasma\u2019s track-record of delivery of enterprise-grade solutions customized to meet the very specific needs of its clients. Plasma\u2019s proposed development and delivery timelines were also well aligned with the client\u2019s requirements.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Development was completed on time, on budget, and on scope.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n Current Challenge<\/span>\n <\/h4>\n

\n Common Problems Faced<\/b> by Enterprises <\/h2>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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01<\/p>\r\n

Global Banking<\/h2>\r\n

One of the leaders in global banking, with more than 70,000 employees, 400 branch offices, and 19 million customers, had a high-priority requirement for the development of enterprise-grade distributed applications to support a variety of monetary and other crypto asset transactions.<\/p>\r\n<\/div>\r\n\r\n\r\n

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02<\/p>\r\n

dApps<\/h2>\r\n

Without those distributed applications, \u201cdApps\u201d, the bank was having difficulty managing the complexities associated with cross-border money transfers. <\/p>\r\n<\/div>\r\n\r\n

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03<\/p>\r\n\r\n

Legacy<\/h2>\r\n

They were also relying on legacy, non-distributed, systems for the storage and exchange of data.<\/p>\r\n\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Ledger\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Plasma\u2019s solution development was completed on time, on budget, and on scope. Plasma provided the client with a comprehensive digital solution that has fully satisfied the client\u2019s present and future business needs. Specific solution components and advantages included:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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\n \n Schedule A Consultation<\/span>\n <\/i> <\/a>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n The Solution<\/span>\n <\/h4>\n

\n Plasma\u2019s Expertise <\/h2>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n <\/i> <\/div>\n
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Distributed Ledger Technology (DLT) that supports all process and control requirements for the handling of programmable money.<\/p>\n <\/div>\n <\/div>\n

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\n <\/i> <\/div>\n
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Provision of synchronized digital data that can be disseminated across multiple financial institutions and geographic locations.<\/p>\n <\/div>\n <\/div>\n

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Full management and validation of complex cross-currency transactions.<\/p>\n <\/div>\n <\/div>\n

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\n <\/i> <\/div>\n
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Decentralized solution that dramatically reduces transaction times.<\/p>\n <\/div>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n The Impact\n\n<\/span>\n <\/h4>\n

\n Business\/Operational Impact\n <\/h2>\n

Armed with its new DLT capabilities the client has been able to introduce new business capabilities that have provided distinct competitive advantages. This has included:<\/p>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n <\/i> <\/div>\n
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The ability to transfer funds at a fraction of the cost and time of traditional banking and full automation of handling of cross-currency transactions that promotes client confidence.<\/p>\n <\/div>\n <\/div>\n

\n
\n <\/i> <\/div>\n
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The client is able to bring much-needed stability and regulation into the realm of digital currency and crypto assets.<\/p>\n <\/div>\n <\/div>\n

\n
\n <\/i> <\/div>\n
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The client is now positioned to provide industry-disrupting business and operational capabilities well into the future.<\/p>\n <\/div>\n <\/div>\n <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

One of the leaders in global banking, with more than 70,000 employees, 400 branch offices, and 19 million customers.<\/p>\n","protected":false},"author":1,"featured_media":14882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-14877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-use-cases"],"acf":{"dl_description":"","dl_pinterest_image":"","dl_hashtags":""},"yoast_head":"\nDistributed Ledger Technology Supporting Programmable Money - Plasma<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plasmacomp.com\/use-cases\/distributed-ledger-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distributed Ledger Technology Supporting Programmable Money - 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