Distributed Ledgers Technology - DLT is a type of transactional technology, which lets consumers and businesses to transfer money as well as important details in a manner not previously possible.

Most relevant examples include the cryptocurrency and blockchain.

The source of truth/original data is a single point and with that people can easily transact money and convey important details without any fear of data breach or hacking.

The data is not only conveyed safely but also is verified once reached the destination by the source, thus providing double layer protection of data. Many companies, as well as government agencies, are using this technology to transfer important data between two links. For example, airlines use this technology to store and verify the details of their passengers, the data is also shared with the passengers.

Although a lot of research and development is going on this field, this technology is surely going to rise in the coming decade, with more focus on privacy on data, many big social networking sites are set to implement this model into their system, to achieve privacy as well as prevent data breaching attacks.