Distributed Ledger Technology

Distributed ledger technology is a digital infrastructure used to store and validate information across a network. DLT has applications in every sector, but it is primarily used in the decentralized finance sector. The blockchain network is an example of distributed ledger technology. DLT enhances accessibility, brings transparency, and provides privacy to users sharing information within a digital system.

The information is securely stored in the DLT using cryptographic techniques, which can be accessed through keys and cryptographic signatures. The data stored on a distributed network is immutable and cannot be altered. DLT makes the data storage and updation process faster and more efficient.