Distributed ledger technology (DLT), a term
increasingly used and known because of the growing use of
blockchain technology. DLT is becoming known to the wider public as
a digital system or platform consisting of separate, connected
devices, which platform is used to record transactions in multiple
places at the same time. More formally, Commission de
surveillance du Secteur Financier (the CSSF)
has defined DLT as a technology allowing a network of independent
and often geographically dispersed computers to update, share and
keep a definitive record of data in a common decentralised database
in a peer-to-peer way, without the need for a central
authority.
In recent years, DLT has attracted increasing interest, leading
to the development of various types of DLT suitable for a wide
range of fields such as securing transactions and, for instance,
personal identification, or smart contracting (being individual
pieces of code for defining relationships and interactions
