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what is distributed ledger technology (dlt)?
distributed ledger technology (dlt) refers to the technological infrastructure and protocols that allows simultaneous access, validation, and record updating in an immutable manner across a network that's spread across multiple entities or locations.
dlt, more commonly known as the blockchain technology, was introduced by bitcoin and is now a buzzword in the technology world, given its potential across industries and sectors.
in simple words, the dlt is all about the idea of a "decentralized" network against the conventional "centralized" mechanism, and it is deemed to have far-reaching implications on sectors and entities that have long relied upon a trusted third-party.