Distributed Ledger Technology (DLT) is a database system where multiple participants can access, validate, and record transactions across a network of computers. Each participant maintains an identical copy of the ledger, ensuring transparency and security.
Enigio’s trace:original works with distributed ledger technology, with a public distributed ledger containing evidence of all trace:original documents and the audit trail of all previous versions.
NOTE: Distributed Ledger Technology (DLT) and Digital Ledger Technology generally refer to the same concept.
- DLT (Distributed Ledger Technology) is a decentralised database system where records (or ledgers) are shared across multiple locations to improve security, transparency, and efficiency.
- Digital Ledger Technology is the term sometimes used interchangeably, but it could more broadly refer to any digital record-keeping system, including centralised databases.