Private DLT Network

Definition ∞ A private DLT network is a distributed ledger technology system where participation and access are restricted to a select group of authorized entities. Unlike public blockchains, these networks require permission to join, and a central authority or consortium typically governs the network. They offer enhanced privacy, control, and transaction speed for specific business applications. This design suits enterprises requiring confidentiality.
Context ∞ Private DLT networks are frequently discussed in the context of enterprise blockchain solutions, particularly for supply chain management, interbank settlements, and confidential data sharing. Their appeal lies in tailored governance and performance characteristics, contrasting with the open nature of public blockchains. News often highlights new consortiums forming to develop industry-specific private DLT applications and their deployment in various sectors.