Distributed ledger technology (which includes blockchain) is transformative in its own right. That said, one of the unique aspects of distributed ledger technology is its ability to benefit numerous, ...
A distributed ledger is a database that serves the purpose of recording various transactions. Similar to the way e-transactions and digital banking apps have transformed the way consumers spend money, ...
Distributed ledger tech lets databases work across many nodes without central control. Nodes must agree on updates, making ledgers secure and tamper-proof. Public ledgers are open to all, while ...
Moreover, by using a distributed ledger system to store identity data, implementations incorporate the technical advantages of a distributed ledger including but not limited to data security, data ...
The distributed ledger system and the smart contract provides a secure unified claim adjudication system that can prevent attempted unauthorized access to private user information and resulting fraud.