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Distributed Ledger Technology (DTL)

    Distributed ledger technology (DLT) is a group of technologies enabling the decentralized distribution of digital ledgers or databases. “Blockchain” is one such example. Blockchain technology allows participating nodes in a network to share and update a digital ledger without a central authority. This process enables the creation of an accurate, real-time shared ledger that records transactions and provides security and transparency for all participants involved. While some distributed digital ledgers do not use blockchain technology and require a central authority, distributed ledger technology does allow for decentralized distribution.