The following article was originally published by Law 360:
Law360 (May 12, 2020, 6:33 PM EDT) — From cryptocurrency to Web 4. 0, to an interactive, decentralized worldwide network of all things, people and systems, distributed ledger technology, or DLT, is a potentially paradigm-shifting technology, with applications limited only by the imagination and mass adoption. As the name might imply, DLT is a ledger (i. e. , a database or record of transactions) that is kept by a distributed network of computers called nodes, which share, verify and sync a complete record of the activity that has occurred on a given network. While blockchain, the technology underlying bitcoin and other cryptocurrencies, is perhaps the most well-known type of DLT, the applications.
