Across the world, in the economical, legal, political, and institutional systems, the key elements are transactions, contracts, and documents. They dictate the relationship between countries, enterprises, organizations, communities, and individuals and, most importantly, they are perceived to offer trust. Interestingly, these have not joined the digital transformation to a greater extent and for the greater cause. So, what is the solution? Distributed ledgers and DLT, along with blockchain, offer the solution to such critical challenges. In this section, we will explore more about distributed ledgers and DLTs.
In a distributed ledger, there is no central authority or a central administrator. It is an asset database that ...
