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DLT in Supply Chain Financing, YES Bank's Pilot: An Analysis.

Introduction: DLTs

Distributed ledger technology (DLT), very fondly referred to as blockchain, has found many potential applications across industries since its entry to the mainstream business avenues almost two years ago. DLT has varied characteristics, each of which is being leveraged by specific use cases across industries. The digital identity use case leverages the cryptographic security, the record keeping use case leverages the ledger’s immutability while the audit use case leverages the ledger’s time stamping functionality. The aforementioned use cases invariably impact parts of businesses across verticals; however, fundamentally, DLT is nothing but a database technology which affects the application stack at the infrastructure level – a rather disruptive feature of the technology. This effectively s ...

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