Distributed Ledger Technology

It should be noted that over the last few years, the terms distributed ledger or Distributed Ledger Technology (DLT) have grown to be commonly used to describe blockchain in finance industry. Sometimes, blockchain and DLT are used interchangeably. Though this is not entirely accurate, it is how the term has evolved recently, especially in the finance sector. In fact, DLT is now a very active and thriving area of research in the financial sector. From a financial sector point of view, DLTs are permissioned blockchains that are shared and used between known participants. DLTs usually serve as a shared database, with all participants known and verified. They do not have a cryptocurrency or do not require mining to secure the ledger.