Distributed Ledger Technology Services

09/03/2022 6 min

Listen "Distributed Ledger Technology Services"

Episode Synopsis

Distributed Ledger Technology Services is a digital method for registering the asset transactions in which the transaction and their information are recorded in several locations at a similar time. Unlike a conventional database, distributed ledgers do not utilize a central data store or management system. In a distributed ledger service, every node procedure verifies every item, thereby generating a record of every product and making an agreement on its integrity. A distributed ledger can be operated to register fixed data, like registry, and active data.