Distributed Ledger Technology (DLT): The Beginning of a Technological Revolution for Blockchain
Arvind Panwar, Vishal Bhatnagar
Abstract
In recent years there are lot of thrills spinning around BLOCKCHAIN technology. Blockchain initially released in 2008 by Satoshi Nakamoto as a fundamental technology for the first ever global decentralized cryptography based digital currency known as BITCOIN. Todays in tech world every person and industry discussing about blockchain, and they feel blockchain technology changed the world like open source software change. Every industry wants to use and explore blockchain technology in different application like trading, supply chain, healthcare etc. Blockchain is a revolutionary technology but the question is from where this technology invented. In this paper author will discuss about distributed ledger technology which is known as parental technology of blockchain. This paper will break the myth that distributed ledger and blockchain both are the same technology, and will tell that every DLT is not blockchain but blockchain is a DLT. This paper presents the comparison of different DLT's and blockchain. In this paper author discuss different type of potential application area where DLT is very helpful. In the end of paper author present future research direction for blockchain and DLT with some challenges.