Permissioned DLT

Definition ∞ A Permissioned DLT (Distributed Ledger Technology) is a blockchain network where participants must obtain permission to access or operate nodes. Unlike public, permissionless blockchains, access is restricted and often controlled by a central authority or a consortium. This design allows for greater control over data access, transaction validation, and participant identity. It prioritizes privacy and regulatory compliance.
Context ∞ Permissioned DLTs are widely adopted in enterprise and institutional settings, particularly for interbank settlements and supply chain management. A key discussion involves balancing the benefits of control and privacy with the core principles of decentralization. Future developments will focus on enhancing interoperability between permissioned and public DLTs, addressing the need for both regulated and open digital environments.