Distributed ledger technology (DLT) comprises systems that let multiple independent parties update and verify a common record without depending on one central database. Through agreed validation and data-sharing procedures, participants can keep matching or otherwise coordinated copies of transaction information. Blockchain is one implementation of DLT, which is used in financial services and other fields.
Passende Formel
Source: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.