What is a Distributed Ledger?

Distributed ledger technology (DLT) is a digital system used for recording asset transactions. Unlike traditional databases, DLT records transactions and their details in multiple locations simultaneously without the need for a central data store or administration function.

Blockchain is a prominent example of distributed ledger technology. It enables all participants in the network to access immutable records of transactions, which are recorded only once. This shared ledger eliminates the duplication of effort that’s common in traditional business networks.