TECH 101 Buzz Words: Distributed Ledger Technologies (DLTs)
Basic Understanding
Distributed ledger technology (DLT) is a digital system for documenting asset transactions in which the transactions and their information are stored in numerous locations at the same time. Unlike traditional databases, distributed ledgers do not have a central data store or administration capability.
Why is it important?
Distributed ledger technologies are important. Their key features such as accessibility, interoperability, and accountability make it so desirable to businesses out there. It is a way of record keeping that facilitates immutability, trust, and transparency to the nodes participating in the process
