Distributed Ledger Platforms
Distributed ledger platforms are digital systems that allow multiple participants to share and synchronize data across a network. Unlike traditional databases, where a single entity controls the data, these platforms enable a decentralized approach, ensuring that all users have access to the same information in real-time. This enhances transparency and security, as changes to the data are recorded in a way that is tamper-resistant.
One of the most well-known examples of a distributed ledger platform is Blockchain, which underpins cryptocurrencies like Bitcoin. These platforms can be used for various applications, including supply chain management, financial transactions, and identity verification, making them versatile tools in today's digital landscape.