Digital Ledger Technology

Digital Ledger Technology (DLT) is a secure, transparent way of recording and storing data across multiple computers or locations. Unlike traditional ledgers kept in a single place, DLT ensures that all copies are synchronized and tamper-proof, reducing fraud and errors. A common example is blockchain, where data is grouped into blocks and linked in a chain, making it nearly impossible to alter past records. DLT is used for cryptocurrencies, supply chain management, and digital identity verification, offering a decentralized approach that enhances security, accuracy, and trustworthiness without relying on a central authority.