Distributed Ledger Technology enables what?

• A. A centralized database for marketing data
• B. A technology that allows organisations and individuals who are unconnected to share an agreed record of events - such as ownership of an asset
• C. A data visualization tool
• D. An automated payroll system

Answer: (B)

Distributed Ledger Technology lets multiple participants who aren’t directly connected share a single, shared, and tamper-evident record of events. Because the ledger is replicated across a network and reaches consensus on the history, everyone agrees on things like asset ownership without needing a central trusted intermediary. This makes it well suited to tracking who owns what and how it changes hands, with greater transparency and reduced need for reconciliation. The other options describe centralized databases, data visualization tools, or payroll systems, which don’t capture the idea of a shared, immutable ledger across unconnected parties.