Distributed ledger

A distributed ledger (also called as DLT, shared ledger, distributed ledger technology) is a type of database that is shared across a network of computing devices (nodes) and has consensus algorithm that ensure nodes have identical copies of database. A peer-to-peer network is required to maintain distributed ledger.
A distributed ledger may employ a blockchain or other method of storing records and providing a secure and valid distributed consensus.

Use cases

In 2006, HM Government of Gibraltar in DLT framework[1] proposed following use case ideas:
  • Post-trade settlement
  • Securities custody
  • Trade finance
  • Reference data
  • Regulatory reporting
  • Cross-border payments & remittances
  • Mortgage loan application 
  • Insurance placement and contract lifecycle documentation
  • Insurance claims management
  • Proof of insurance
  • Managing insurance policies for multinational clients
  • Know-Your-Customer (KYC/AML)
  • Inter-firm accounting reconciliation
  • Tracking insurance policies imposing operational limits on policyholder
  • Bail bond cancellation
  • Excess of loss reinsurance
  • Retail insurance portfolio management
  • Identity management
  • Companies register
  • Land register
  • Asset tracking
  • Supply chain
  • Provenanc



See also

Blockchain
Trustless environment

References

[1] DLT framework. HM Government of Gibraltar. Last accessed 18 Oct 2018.   

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