DLT (Distributed Ledger Technology)

Distributed Ledger Technology (DLT) is a digital system where records of transactions are maintained across multiple computers ("nodes") instead of a central authority. This setup ensures that data is transparent, secure, and tamper-resistant because all participants have synchronized copies and collectively verify updates. Blockchains are a common form of DLT, where transactions are grouped into blocks linked chronologically. DLT offers increased trustworthiness and resilience, making it useful for applications like cryptocurrencies, supply chain tracking, and secure data sharing without relying on a single intermediary.