Blockchain Firms Ternio And Distributed Ledger Inc Form Joint Venture

Announcements, Blockchain, News | March 12, 2019 By:

Blockchain startup Ternio and Distributed Ledger Inc. (DLI) have joined forces to form a joint venture that will deploy enterprise scale blockchain solutions across media, banking and telecom.

Founded in 2017, Ternio has been focused on building a highly scalable blockchain framework that is capable of supporting the high QPS (queries per second) of programmatic advertising. The company claims that its patent-pending Lexicon framework is the only scalable blockchain framework capable of supporting over one million transactions per second, fully decentralized and on-chain.

DLI, which is part of the JMF Solutions and Wavefly family of companies, was founded to utilize blockchain technologies and its many applications to solve global problems that traditional institutions are incapable of addressing. They design and build enterprise blockchain infrastructure, create distributed applications and invest in cryptocurrencies and technologies which exhibit real purpose and potential.

The newly formed joint venture, called DLT Ventures LLC, will provide software, infrastructure and consulting services to a consortium of domestic and international organizations looking to deploy scalable blockchain applications in real-world environments.

“We spent a lot of time with Distributed Ledger meeting and exploring the collection of ways we could work together,” said Daniel Gouldman, CEO of Ternio. “It quickly became apparent that the synergies we shared with Mike and his team at Distributed Ledger, JMF Solutions and Wavefly were tremendous.”

DLT Ventures will build, design and deploy scalable blockchain applications for a collection of international-based organizations exceeding $50 billion in annual revenue in the media, banking and telecom industries. The solutions will be designed to solve common pain points for companies such as supply chain transparency, instant payment remittance and secure data storage.

“Having seen Ternio’s technology firsthand it was clear they were the ideal partner for this venture,” said Mike Francis, CEO of Distributed Ledger. “Combining Ternio’s scalable framework with Distributed Ledger’s front- and back-end resources will lead to better trust, data accuracy, transaction times, scalability and security for our clients.”