Digital ledger technology (DLT) is an electronic ledger or database that records and verifies transactions but is limited only to currency and cannot be adapted to other uses in the financial system.

Question

Quizplus · Accepted Answer

This statement is false. DLT can be used for various applications beyond just currency such as supply chain management, asset tracking, voting systems, and more.

Digital Ledger Technology (DLT) Is an Electronic Ledger or Database