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Permissioned Ledger Technology

Definition

Permissioned Ledger Technology refers to a type of distributed ledger where participants must obtain explicit authorization to access, validate, or record transactions. Unlike public, permissionless blockchains, access is restricted to known and vetted entities, often within a consortium or enterprise setting. This technology offers enhanced privacy, control, and transaction throughput, making it suitable for specific business applications. It provides a controlled environment for shared data management.