Saturday 9 December 2023

What is Distributed Ledger Technology?

 


Distributed Ledger Technology (DLT) has gained attention in recent times and has the potential to revolutionize various sectors, including finance and healthcare. DLT is a technology that allows multiple parties to have access to a shared digital ledger in a decentralized manner. In this blog, we will delve deeper into the workings of DLT, its origins and evolution, and its significance in today’s world.

DLT is an umbrella term that encompasses various technologies like blockchain, which enables secure and transparent record-keeping. The role of DLT in cryptocurrency exchanges is significant as it provides an immutable ledger that can be accessed by multiple parties securely. Its applications are not limited to finance alone; DLT has shown potential in industries like supply chain management, real estate, and more.

Full content on our main website here: https://agrtech.com.au/glossary/distributed-ledger-technology-dlt/

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