Description of capability
According to Vestergaard et al., distributed ledger technology (DLT) is a set of technologies that enable a consistent representation of data across multiple nodes without a central authority. DLT enables a distributed record or “ledger” in which transactions are stored in a permanent, immutable way with cryptographic techniques, ensuring consistency, provenance, and auditability across the entire ecosystem. Transactions can be easily audited as they are time-stamped and “hashed,” essentially a digital fingerprint that interlinks transactions as they are appended to the ledger.
Key people
Technology Readiness Level (1-9)
Needs that this could potentially address
Tritium accountancy and accountability
Tech specs
Estimated time & cost to commercialize
Outstanding risks
References
Vestergaard, C., Bobosha, H.A., Langfeldt, K. (2021). Distributed Ledger Technology: Beyond the Hype. In: Vestergaard, C. (eds) Blockchain for International Security. Advanced Sciences and Technologies for Security Applications. Springer, Cham. https://doi.org/10.1007/978-3-030-86240-4_2