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General TradingD
Distributed Ledger
A distributed ledger is a database that is consensually shared and synchronized across multiple sites, institutions, or geographies, with no central administrator. Blockchain is the most well-known type of distributed ledger technology (DLT), where data is recorded in a chain of cryptographically linked blocks.
Example
“Instead of relying on a single bank's database, the distributed ledger allowed all participants in the supply chain to verify and access the same transaction records in real time.”