Shared Ledgers are digital record-keeping systems where a single, identical copy of transaction data is maintained and synchronized across multiple participants within a network. Their fundamental purpose is to enhance transparency, significantly reduce reconciliation efforts, and improve the overall efficiency of data exchange and settlement among parties involved in financial transactions.
Mechanism
Operationally, participants in a shared ledger network agree upon consensus mechanisms to validate and append new transactions, thereby ensuring all distributed copies of the ledger remain consistent and verifiable. The architecture can be implemented as public blockchains for broad accessibility or as private, permissioned distributed ledgers for controlled environments, depending on specific access and governance requirements. Transactions are submitted, verified, and permanently recorded.
Methodology
The strategic approach involves distributed record-keeping, multi-party data synchronization, and the automation of processes within inter-organizational workflows. Governing principles prioritize data integrity, immutability of records, cryptographic security, and the disintermediation of central record-keepers. This framework applies concepts from distributed systems, database synchronization, and consensus algorithms to financial infrastructure design.
LSEG's DLT platform provides a regulated, end-to-end architecture for tokenizing private funds to enhance asset mobility and reduce operational friction.
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