Expanding the Horizon: The Distributed Ledger Technology and its Applications Beyond Cryptocurrencies

Abstract

Originally developed to power cryptocurrencies such as Bitcoin and Ethereum, Distributed Ledger Technology or DLT is rapidly expanding its influence across all kinds of industries. Its attributes-decentralization, transparency, security, and immutability-are being applied in finance, healthcare, supply chain management, governance, among other sectors, offering solutions that streamline the conduct of operations, cost cuts, and increase trust.