Distributed Ledger Technology (DLT)
Also known as: Decentralized Ledger, Shared Ledger, Distributed Database
A decentralized database system where data is replicated, shared, and synchronized across multiple nodes.
Distributed Ledger Technology (DLT) refers to a decentralized digital database that is shared across a network of nodes. Unlike traditional databases managed by a central authority, DLT enables multiple participants to maintain and validate a synchronized copy of the data. Blockchain is the most well-known form of DLT, but other models, like directed acyclic graphs (DAGs), also exist. DLT underpins many Web3 and fintech innovations by enhancing transparency, security, and data integrity. Its applications span from finance and supply chain management to digital identity and voting systems.