How Blockchain and Distributed Ledger Technology Are Revolutionizing Industries?

October 18, 2021

Blockchain technology is often used as a synonym of distributed ledger technology (DLT) although both are not the same. A blockchain uses several technologies, including distributed ledger technology, to enable blockchain applications. Other technologies and computational/mathematical techniques that are used in blockchains include digital signatures, distributed (peer-to-peer) networks, and encryption/cryptography methods, among others linking the records (blocks) of the ledger.

Distributed ledger technology (DLT) revolves around an encoded and distributed database serving as a ledger whereby records regarding transactions are stored. Here is Blockchain and Distributed Ledger technology are revolutionizing industries:

Infographic---Ledger-Technology-Revolutionizing-Industries

 

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