Distributed Ledger Technology (DLT)

A tech­no­lo­gi­cal infra­struc­ture used for docu­men­ting certain tran­sac­tions. In contrast to the clas­si­cal approach, in which a gene­ral ledger is usually mana­ged by only one instance, here any number of basi­cally iden­ti­cal copies of the ledger are main­tai­ned decen­trally and simul­ta­neously by diffe­rent parties. Appro­priate measu­res are taken to ensure that newly added tran­sac­tions are adopted in all copies of the ledger and that there is agree­ment (consen­sus) on the current status of the ledger at any given time.