What is distributed ledger technology?

Distributed Ledger Technology. Reviewed by Jake Frankenfield. Updated Jan 25, 2018. Distributed Ledger Technology refers to the technological infrastructure and protocols that allows simultaneous access, validation, and record updating in an immutable manner across a network spread across multiple entities or locations.

What are the most popular distributed ledger protocols?

In addition to start-ups, many big companies such as IBM and Microsoft are experimenting with the blockchain technology. Some of the most popular Distributed Ledger protocols are Ethereum, Hyperledger Fabric, R3 Corda, and Quorum.

What is the difference between Blockchain and distributed ledger technology?

Blockchain and distributed ledger technology are frequently used as synonyms. However, both are quite different. Blockchain uses many technologies for its application, and distributed ledger technology is one of them.

What is a permissioned distributed ledger?

The permissioned distributed ledger involves the requirement of permission for nodes from central entities for accessing the network and making modifications in the ledger. The access controls in a permissioned distributed ledger generally include identity verification.