Distributed Ledger Technology (DLT) Definition

Centralized Ledger VS Distributed Ledger

Centralized Ledger

A centralized ledger includes all the accounts for recording transactions relating to a company like its assets, liabilities, owners’ equity, revenue, and expenses. Everything around the world that can possess financial value needs a ledger. In modern days computerized ledger came into existence i.e Enterprise resource planning (ERP). The centralized ledger works as a central repository for accounting data from all sub ledgers was migrated, including cash management, fixed assets, purchasing, and projects. The centralized ledger is the foundation of every accounting system, as it houses all of an organization’s financial and non-financial data. The collection of all accounts is known as the centralized ledger. This could be a massive book in a manual or non-computerized system. The centralized ledger has one or more pages for each account.

Distributed Ledger

In Distributed Ledger that is also known as shared ledger, there is no central administrator or data storage. A distributed ledger is essentially a database that can be shared across a network of multiple sites, across the world. All participants within a computer`s network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies in a second. The assets can be financial, legal, physical or electronic. The security and accuracy of the assets stored in the ledger are kept encrypted. According to the network’s agreed-upon rules, entries can also be modified by one, several, or all of the participants. ‘Block Chain’ may appear in a number of articles. A simply sort of distributed ledger is a blockchain.

Distributed Ledger Technology`s samples

Telecommunication networks:

What are the differences between Distributed Ledger and Blockchain Technology?

1. Distributed ledger has different types that blockchain is just one type of them

The future of Distributed Ledger Technology

According to, Deloitte’s 2021 Global blockchain development Survey, almost 76% of executives surveyed said they expect digital assets will be a solid alternative to fiat currencies for global finance in the next 5–10 years.

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Cryptostone

Cryptostone

Cryptostone is an anonymous blockchain ecosystem to utilize blockchain technology as financial tools in people’s life.