Distributed Ledger Technology (DLT)
Distributed ledger technology (DLT) is a type of technology that is used to create and maintain a distributed ledger, which is a shared and decentralized database. DLT allows multiple parties to record, verify, and share transactions and other data in a secure and transparent manner.
One of the most well-known distributed ledger technologies is the blockchain, which is a decentralized and distributed ledger that is used to record and verify transactions in a secure and transparent manner. The blockchain is used to create and maintain a continuously growing list of records, called blocks, which are linked and secured using cryptographic techniques.
DLT has the potential to disrupt traditional systems and models by enabling the creation of new, decentralized alternatives. It is often cited as a key advantage of blockchain technology and is seen as a way to create more secure, transparent, and efficient systems. DLT is being explored and adopted by a variety of industries, including finance, healthcare, supply chain management, and government.
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