Review of Colin Platt's article on distributed Ledger technology (Blockchain)

Distributed Ledger Technology uses several computer elements and combines them to create a decentralized computerized information registration system.

The Blockchain is a product of unprecedented marketing combined with an infinite number of computer developments.

Before starting a systematic study of distributed record systems, every programmer should read Colin Platt's article on positioning in relation to research in the field of technological development.

The author of the article notes that " an objective analysis of the advantages and disadvantages of a network of distributed registers is important in determining the global impact of this technology on many areas of our lives."

Collin Plath says that distributed registers represent a new paradigm or development in consensus systems.

For many people, the blockchain system is one of the most important technological innovations of the past twenty years. The blockchain is configured as a system that can transmit information instantly, decentralized, and from anywhere in the world.

Distributed registers or DLT (distributed Ledger technology) allow the transfer of various assets (transactions, files, or information) in a decentralized manner.

And it is this ability that makes these systems revolutionary.

According to Colin Platt, the possibility of excluding the transfer of assets to the Central government from the equation represents a qualitative leap in the form of organizing all human-designed systems.

The use of these consensus methods in everyday life is at a very early stage of its development, but the means of transmitting decentralized information are already fully implemented in the business and political spheres of our life.


13 April 2020

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