Ledger Reconciliation is the process of comparing and verifying transaction records across different ledgers or systems to ensure consistency and accuracy. In the context of blockchain, this involves confirming that on-chain transactions match internal or external accounting records. It is essential for maintaining financial integrity and preventing discrepancies.
Context
Ledger reconciliation is a critical operational procedure for cryptocurrency exchanges, custodians, and financial institutions dealing with digital assets. Automation and cryptographic proofs are increasingly being applied to streamline this process, addressing the complexities introduced by high transaction volumes and the immutable nature of blockchain records.
The DLT pilot delivers compliant, 24/7 interbank settlement using commercial bank money, optimizing capital efficiency and reducing systemic counterparty risk.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
