In data management, a golden record represents the single, most accurate, and authoritative version of a data entity, compiled from various distinct sources. For blockchain and digital assets, this concept refers to an immutable and verified state of data or transaction history that is universally accepted as true. It provides a dependable source of information across a decentralized network.
Context
The pursuit of a golden record is a critical subject in news concerning data integrity, interoperability, and the application of blockchain technology beyond simple transactions. Debates often address how to achieve agreement on data accuracy across multiple systems and the challenges of combining off-chain data with on-chain verification. Future developments will focus on decentralized identity solutions and secure data sharing protocols that rely on this principle.
Implementing a shared ledger for securities lending establishes a single, auditable "golden record," critically de-risking the post-trade lifecycle for the $4 trillion monthly market.
DLT platform 1Source eliminates reconciliation breaks in the $4 trillion securities lending market, securing the transition to T+1 settlement and optimizing capital mobility.
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