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.
Context ∞ Permissioned Ledger Technology is a frequent topic in enterprise blockchain news, particularly concerning its adoption by corporations and financial institutions for supply chain management, interbank settlements, and data sharing. Discussions often contrast its features with public blockchains, highlighting its benefits for regulatory compliance and data confidentiality. Its continued development focuses on interoperability and integration with existing business systems. This technology represents a significant tool for private sector innovation.