Shared ledger systems are digital databases that are replicated, shared, and synchronized across multiple participants in a network. Each participant maintains an identical copy of the ledger, and updates are agreed upon through a consensus mechanism. This technology, often referred to as distributed ledger technology, provides transparency, immutability, and enhanced security for recording transactions. It reduces the need for intermediaries.
Context
Shared ledger systems are frequently discussed in crypto news as foundational technology for cryptocurrencies, central bank digital currencies, and other digital assets. Financial institutions and corporations are exploring their use for streamlining interbank payments, trade finance, and supply chain management due to their potential for increased efficiency and reduced fraud. The adoption of these systems represents a significant shift in how transactions are recorded and verified globally.
The DLT-enabled treasury system replaces legacy zero-balanced cash pooling with programmable payments, optimizing global liquidity and mitigating FX 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.
