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Sunday, October 22, 2017

Ledger, Journal of the World's First Blockchain

What is Distributed Ledger Technology (DLT)?

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. Unlike traditional databases, distributed ledgers have no central data store or administration functionality.

Ledger, Journal of the World's First Blockchain

Blockchain technology is currently experiencing rapid growth at this time. In addition to new cryptocurrencies emerging every day, research on the utilization of blockchain for other purposes is also continuously carried out by communities, consortiums, and private institutions. It's just that most of the research is not published in scientific journals like any other science field. It is also the case that raises its own issues when doing research, because the source of information is usually only from whitepapers, websites or even from unofficial forums.

Ledger, that's the name chosen by the University of Pittsburgh for a new journal that specializes in blockchain themes. The journal was initiated by Chris Wilmer, an assistant professor in the university's chemistry department, who is keenly interested in blockchain-related research. With the peer-reviewed journal, it is hoped that the development of blockchain technology can be accelerated.

Blockchain or also called digital ledger technology (DLT) staying digadang become one of the leading technologies in the future. DLT is expected to change the working procedures of various lines of business, from finance to law. The Ledger journal will be funded by the University of Pittsburgh and receive donations in US dollars and bitcoins.

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