The IT Law Wiki

Distributed ledger technology

32,564pages on
this wiki
Add New Page
Talk0 Share

Definition Edit

Distributed ledger technology is "an asset database that can be shared across a network of multiple sites, geographies or institutions."[1]

Overview Edit

"All participants within a network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies in minutes, or in some cases, seconds. The assets can be financial, legal, physical or electronic. The security and accuracy of the assets stored in the ledger are maintained cryptographically through the use of 'keys' and signatures to control who can do what within the shared ledger. Entries can also be updated by one, some or all of the participants, according to rules agreed by the network."[2]

References Edit

  1. Distributed Ledger Technology: Beyond Block Chain, at 5.
  2. Id.

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.