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What is Distributed Ledger Technology

Chapter 1
Financial Technology and Disruptive Innovation in ASEAN
The storage of data as a digital list of transactions where each participant in the network as the exact same copy of it.
Published in Chapter:
Financial Technologies: Concept, Application, and Challenges
Debra Hooi Chern Lee (Universiti Tunku Abdul Rahman, Malaysia), Mobashar Rehman (Universiti Tunku Abdul Rahman, Malaysia), Hui Nee Au Yong (Universiti Tunku Abdul Rahman, Malaysia), and Manzoor Ahmed Hashmani (Universiti Teknologi PETRONAS, Malaysia)
Copyright: © 2020 |Pages: 33
DOI: 10.4018/978-1-5225-9183-2.ch001
Abstract
This chapter explores the concept of Financial Technology (FinTech) and how it has progressed to where it is today. This understanding is further supplemented with the applications of FinTech and the challenges it has to tackle in order to continue to evolve in a favourable manner. Being a key player in the FinTech sector, this chapter also delves into the concept of blockchain technology (BCT) to comprehend how it holds the power to impact society through revolutionary applications. As the world heralds an era of FinTech, this chapter aims to give insights on the potential of FinTech and how it cross borders to change the lives of many.
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Chapter 3
Blockchain Technology and Data Mining Tools for Combating Fraud: With Reference to the Banking Sector
The technological infrastructure and protocols that allow simultaneous access, validation, and record updating in an immutable manner across a network that's spread across multiple entities or locations.
Published in Chapter: Blockchain Technology and Data Mining Tools for Combating Fraud: With Reference to the Banking Sector; From: Frameworks for Blockchain Standards, Tools, Testbeds, and Platforms
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Chapter 19
Blockchain Technology in Securitization in India
Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.
Published in Chapter: Blockchain Technology in Securitization in India; From: Handbook of Research on Financial Management During Economic Downturn and Recovery
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Chapter 15
Time Stamp and Immutability as Key Factors for the Application of Blockchain in the Cultural Sector
Systems in which all participants in a network have the same copy of a database that can be read and modified independently by individuals.
Published in Chapter: Time Stamp and Immutability as Key Factors for the Application of Blockchain in the Cultural Sector; From: Handbook of Research on Blockchain Technology and the Digitalization of the Supply Chain
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Chapter 16
Energy Informatics Using the Distributed Ledger Technology and Advanced Data Analytics
Distributed ledger technology (DLT), in particular blockchain, is emerging technologies which is based on a consensus mechanism where the digital records or ledgers are stored in decentralized repository in immutable manner. DLT is supported by advanced encrypted algorithms to satisfy the cyber-security requirements and build the trust. DLT is designed to eliminate central authority to validate and store the ledgers. This system also eliminates the unnecessary third parties and reduce the business costs.
Published in Chapter: Energy Informatics Using the Distributed Ledger Technology and Advanced Data Analytics; From: Cases on Green Energy and Sustainable Development
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Chapter 2
Blockchain Introduced
The technology underlying distributed ledgers. This term is most often discussed in the context of enterprise use cases around adoption of distributed ledger technology.
Published in Chapter: Blockchain Introduced; From: Blockchain Technology for Global Social Change
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Chapter 8
Smart Contract: Towards a New Contract Law?
A technological infrastructure that allows simultaneous access, validation, and record updating in an immutable manner across a network where multiple entities are connected and confirm the transaction.
Published in Chapter: Smart Contract: Towards a New Contract Law?; From: Handbook of Research on Applying Emerging Technologies Across Multiple Disciplines
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Chapter 10
Blockchain and Its Integration as a Disruptive Technology
It’s a decentralized technology to eliminate the need for a central authority or intermediary to process, validate or authenticate transactions or other types of data exchanges.
Published in Chapter: Blockchain and Its Integration as a Disruptive Technology; From: AI and Big Data’s Potential for Disruptive Innovation
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Chapter 4
Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions
Technology infrastructure and protocols that are consensually shared, allowing simultaneous access and validation of transactions.
Published in Chapter: Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions; From: Impact of Digital Twins in Smart Cities Development
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