1.1 Executive Summary
The information below provides an overview of the DGT platform, including the technologies utilized, administration and configuration methods, and possibilities for developing business applications on the platform. This documentation is designed for technical professionals, such as solution architects and engineers, who are interested in using and assessing the platform's potential for creating applications and tools.
DGT is an open and decentralized platform specifically designed to facilitate seamless data exchange between nodes, embracing the principles of Web 3.0. It serves as a foundation for creating decentralized systems and applications where multiple nodes interact, each controlled by different stakeholders. These systems, often referred to as blockchain or Distributed Ledger Technologies (DLT), operate through node software that communicates over the internet, forming a distributed network. By leveraging this unique interaction between nodes, the platform offers all the core benefits of blockchain technology along with additional distinctive features.
Unlike traditional peer-to-peer networks, DGT nodes establish a hierarchical system with arbitrary topology, aligning with the Web 3.0 approach. This decentralized architecture enables efficient and organized communication among nodes, fostering a more inclusive and participatory Internet ecosystem.
Some notable features of the platform include:
F-BFT Consensus: DGT utilizes the F-BFT consensus mechanism, ensuring resistance to Byzantine attacks, high transaction speeds, data integrity, and a superior level of security. This consensus algorithm guarantees the reliable functioning of the network.
Hybrid Network: DGT adopts a hybrid approach, allowing for the coexistence of open and closed segments with overlapping security boundaries. This flexible structure accommodates various network configurations, catering to diverse requirements and scenarios.
Decentralized Identification System: The platform incorporates a decentralized identification system that adheres to modern W3C standards. This ensures a robust and secure means of identity verification within the network, aligning with the principles of Web 3.0.
Native DEC Cryptocurrency: DGT introduces its native cryptocurrency called DEC, which facilitates the distribution of computing value within the platform infrastructure among participants engaged in data exchange. DEC serves as an intrinsic element of the network's economic model, supporting the decentralized economy envisioned by Web 3.0.
Digital Asset Management: DGT offers a built-in subsystem for managing digital objects, making it an ideal tool for tokenization, digital twin creation, and other related applications. This feature enhances the platform's versatility and supports a wide range of use cases within the Web 3.0 paradigm.
Data Quality and Security: The platform places significant emphasis on high-quality and secure data processing. It incorporates a subsystem dedicated to monitoring data quality and security, utilizing a risk-based approach to ensure optimal data handling in the context of the Web 3.0 ethos.
The platform can facilitate the following applications:
Building complex ecosystems using the B2B2C template, such as vertically and horizontally integrated markets.
Tokenizing assets and introducing decentralized financial instruments (DeFi, commodity).
Enabling green energy initiatives, such as a Carbon Credit Marketplace.
Supporting decentralized marketplaces.
Developing digital currencies for central banks (CBDC).
Designing and developing data networks.
The platform is available under open licenses, with the CORE version providing basic functionality under the Apache 2.0 license, and the GARANASKA tokenization system under AGPL v 3.0. It comes with a built-in performance monitoring system and dedicated gateways to work with external information systems, including other blockchains, financial instruments, and Enterprise Stack/ERP.
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DGT One Pager [1]: Short platform description formulated in the most concise format possible.
DGT About [2]: Detailed presentation outlining the capabilities of the platform.
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