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Glossary

Distributed Ledger Technology

A distributed ledger technology (DLT) is a technology that facilitates an expanding, chronologically ordered list of cryptographically signed, irrevocable transactional records shared by all participants in a network. Any participant with the right access rights can trace back a transactional event, at any point in its history, belonging to any actor in the network. The technology stores transactions in a decentralized way. Value-exchange transactions are executed directly between connected peers and verified consensually using algorithms over the network.

ELISE Resources: Blockchain for Digital Government