Distributed ledger technology (DLT)Distributed Ledger Technology (DLT) refers to the technological infrastructure and protocols that allows simultaneous access, validation, and record updating in an... Read More is a group of technologies enabling the decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More distribution of digital ledgers or databases. “Blockchain” is one such example. BlockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More technology allows participating nodes in a network to share and update a digital ledgerA digital ledger is an online record of transactions. The digital ledger tracks financial or other data. Read More without a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More. This process enables the creation of an accurate, real-time shared ledger that records transactions and provides security and transparencyTransparency in blockchain technology refers to the immutability and public nature of the ledger—allowing anyone to view transactions on the... Read More for all participants involved. While some distributed digital ledgers do not use blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... technology and require a centralAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More authority, distributed ledgerA Ledger whose data is stored and synced across a network of nodes. A distributed ledger is not limited to... Read More technology does allow for decentralized distribution.
