Labrys: Making Distributed Ledger Technology Accessible
It’s a no-brainer that Distributed Ledger Technology (DLT), as a facilitator of immutable truth and transparency, holds the potential of redefining the way business transactions of all sorts are carried out. The technology’s revolutionary implication, through blockchain, in spurring the world of cryptocurrencies and decentralized banking infrastructures has already sent ripples across the enterprise and consumer spheres. Today, enterprises as well as government organizations are identifying areas where DLT can be rightfully and beneficially leveraged. And as with any new technological intervention—they face hurdles pertaining to inexperience, education, and scarcity of development resources. Helping enterprises map and execute suitable DLT strategies, Labrys operates as the go-to entity that helps clients navigate through the rather unmapped realms of DLT applications and use cases.
“DLT, like any other technology, has its share of use cases as well as scenarios where the technology does not make sense. At Labrys, we assist our clients to see past the hype and mass of information to identify tangible opportunities for applying DLT in their businesses and then bring the opportunity to life through our software development capability,” says Taber Silver, the co-founder and managing director of Labrys. The company holds extensive experience in developing DLT products for clients operating across various industries.
At Labrys, we assist our clients to see past the hype and mass of information to identify tangible opportunities to apply DLT in their businesses
Labrys is working with technology driven companies, governments and consultancy firms. By partnering with Labrys, a large finance firm based out of Australia is building a blockchain-based digital registry service and exchange for unlisted companies to gain share liquidity. After successfully demonstrating PoC, Labrys has taken the development to the commercial stage that currently holds millions worth of securities on the platform. The kind of growth, clientele, and track record Labrys has achieved while being a start-up themselves is indicative of the potential and demand for their line of service. Looking ahead, Labrys plans to focus on improving their consulting services whilst they formalize relevant product portfolios. “As we continue to deliver DLT products to our clients, there emerges the opportunity to publish packaged products for a wider market of potential customers,” concludes Silver.