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What do you mean by

Distributed Ledger Technology (DLT)?

Distributed Ledger Technology (DLT) refers to the technical infrastructure and protocol that allows simultaneous access, verification, and record update in an irreversible manner over a network spanning multiple entities or locations.
DLT, generally called the “blockchain technology”, was initiated by bitcoin and is now a buzzword in the technology world regarding its potential across industries and sectors. In simple words, DLT is all about the concept of a “decentralized” network as obstructed to traditional “centralized” mechanisms, and it has far-reaching significance for sectors and institutions that have long depended on a trusted third party.

Why did DLT come into use?

Have you ever accepted spam or fraudulent messages from sources you didn’t understand? They seemed like businesses, but you really couldn’t have been sure regardless. It wasn’t the most pleasant experience, was it? To tackle the issue of unsolicited and fake messages and increase customer trust, TRAI (Telecom Regulatory Authority of India), popularly known as Tri, introduced Tlt or Distributed Ledger Technology it’s a blockchain-based registration system for all businesses operating in India who wants to send messages to their Indian customers, have to register themselves under DLT through network operators mandatorily. Any company that is not registered itself will not be able to send messages to its India-based customers. The network operators will not allow the letters to get sent.