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He says SAP is taking an agnostic approach to the underlying ledger technology whether it's the open source Hyperledger project, where SAP is a platinum sponsor, MultiChain or any additional blockchain or decentralized distributed ledger technologies.
The blockchain, intended to document bitcoin transactions, can also be used as a distributed ledger for … well, anything.
Instead, there are many blockchains, as companies are born with different needs from a distributed ledger than those of Bitcoin.
But entrepreneurs have spotted there are many uses of blockchain or distributed ledger technology (DLT) and investment is pouring in.
Blockchain distributed ledger is immutable and trustworthy.
Blockchain technology is a distributed ledger recording technology (Walport 2016).
Blockchain is a decentralized and distributed ledger technology to ensure data security, transparency, and integrity.
It means that the distributed ledger ensures the consistency of most nodes.
Bitcoin, a peer-to-peer electronic currency, is a distributed ledger system (Nakamoto 2009).
Decentralization is the presiding feature of distributed ledger systems like Bitcoin.
A blockchain is a distributed ledger that records and secures transactions in a peer-to-peer network.
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