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Bringing digitalization to the business world: A DLT adoption outlook

Published 12/13/2020, 06:14 AM
Updated 12/13/2020, 08:00 AM
Bringing digitalization to the business world: A DLT adoption outlook

To date, the ever-evolving DLT landscape has brought about dramatic changes to the world of finance and businesses in multiple industries. While blockchain is a type of distributed ledger technology, there are various other applications that have emerged since the advent of Bitcoin (BTC) over a decade ago.

What makes DLTs special is their capacity to cut out intermediaries in most supply chains while making it possible for stakeholders to collaborate autonomously without the need for a centralized authority figure. As the world continues to digitize its traditional workflow processes, the significance of DLTs increases.

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