what is the meaning of dlt 
distributed ledger technology is the concept of using modern networking systems hardware and programming to distribute copies of a database to multiple nodes that synchronize it to maintain it the bottom linedistributed ledger technology uses databases stored on separate connected devices in a network to ensure data accuracy and security blockchains evolved from distributed ledgers to address growing concerns that too many third parties are involved in too many transactions distributed ledger technology is becoming necessary in modern businesses and enterprises that need to ensure accuracy in financial reporting manage supply chains prevent fraud and identify inefficiencies it has many more use cases in time consuming and costly business activities the comments opinions and analyses expressed on investopedia are for informational purposes online read our warranty and liability disclaimer for more info 