Monday, March 19, 2018

Distributed ledger technologies Blockchain

Distributed ledger technologies (DLT) the technology behind cryptocurrencies: blockchain.

What is DLT?

Distributed ledger technologies that can be programmed to record and track anything of value, from financial transactions, medical records or land titles.

What is Blockchain? 

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today.

Below video provides introduction to blockchain technology: how it tracks and stores data, how it fosters trust, and how it facilitates peer-to-peer transactions without the involving middlemen like bankers or lawyers.

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