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What is Distributed Ledger Technology (DLT)

Chapter 8
Handbook of Research on Driving Transformational Change in the Digital Built Environment
Is the term given to the collection of services, interfaces, software, and associate systems that allow blockchains to be used in industrial settings.
Published in Chapter:
Blockchains for Use in Construction and Engineering Projects
George Blumberg (Oxford Brookes University, UK)
Copyright: © 2021 |Pages: 30
DOI: 10.4018/978-1-7998-6600-8.ch008
Abstract
This chapter describes blockchains and illustrates this explanation using the results of a prototype project for an industrial application for a construction project. The chapter describes the application and how modular software components can be used to assemble a blockchain solution. The chapter concludes with a design of the system architecture. The background to blockchain technology includes a description of the evolving nature due to communal, open software consortia and an accelerated prototyping of systems. Four recommendations are made in the chapter. These include the need to form consortia for prototyping applications, encouraging government involvement, the need for engagement with the open software development community, and the suggestion that systems should be designed to support Lean production. A final section offers a range of discussion topics on the current state of the technology and where to expect area of increased interest. These are summarized in three areas: Lean management, Industry 4.0 and smart cities, and topics around privacy and security.
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Chapter 6
Non-Technological and Technological (SupTech) Innovations in Strengthening the Financial Supervision
A data base shared by a great many parties (nodes) with a view to conducting jointly agreed transactions based on the so called consensus mechanism.
Published in Chapter: Non-Technological and Technological (SupTech) Innovations in Strengthening the Financial Supervision; From: Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech
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Chapter 4
The Role of Blockchain Technology in Organizational Cyber Security
DLT are technological systems that record transactional data over multiple distributed networked nodes at the same time. This allows for simultaneous recording, validation and updating of transactions. Examples are blockchain and directed acrylic graph (DAG). The technology is applied in DeFi.
Published in Chapter: The Role of Blockchain Technology in Organizational Cyber Security; From: Contemporary Challenges for Cyber Security and Data Privacy
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Chapter 13
Blockchain Reinventing the Healthcare Industry: Use Cases and Applications
A distributed ledger is a consensus of replicated, shared, and synchronized digital data geographically spread across countries, organizations, or institutions. There is no central administrator or centralized data storage.
Published in Chapter: Blockchain Reinventing the Healthcare Industry: Use Cases and Applications; From: Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector
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Chapter 9
Digital Transformation in Banks of Different Sizes: Evidence From the Polish Banking Sector
A type of database where data is stored in multiple synchronized copies and is updated and replicated using a consensus algorithm, which ensures that only entries that are accepted by a majority of participants can be entered into the database. Blockchain systems are a form of DLT.
Published in Chapter: Digital Transformation in Banks of Different Sizes: Evidence From the Polish Banking Sector; From: Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech
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Chapter 16
Cybersecurity and Electronic Services Oriented to E-Government in Europe
Is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time. Unlike traditional databases, distributed ledgers have no central data store or administration functionality. In a distributed ledger, each node processes and verifies every item, thereby generating a record of each item and creating a consensus on each item's veracity. A distributed ledger can be used to record static data, such as a registry, and dynamic data, i.e., transactions.
Published in Chapter: Cybersecurity and Electronic Services Oriented to E-Government in Europe; From: Handbook of Research on Advancing Cybersecurity for Digital Transformation
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Chapter 3
Assessing the Integration of Blockchain and Supply Chain Management: The Case of China
A consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. Unlike traditional databases, DLT has no central data store or administration functionality.
Published in Chapter: Assessing the Integration of Blockchain and Supply Chain Management: The Case of China; From: Achieving Secure and Transparent Supply Chains With Blockchain Technology
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Chapter 10
Navigating Digital Payments in Ghana's Public Sector: A Journey to Better Service Delivery
This can be described as a digital register that shares information about transactions or events linked to an asset or an item of value. DLT enable multiple parties to process, access, validate and update the same data simultaneously without the role of an intermediary.
Published in Chapter: Navigating Digital Payments in Ghana's Public Sector: A Journey to Better Service Delivery; From: Examining the Rapid Advance of Digital Technology in Africa
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