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A COMPARATIVE STUDY OF DISTRIBUTED LEDGER TECHNOLOGY AND THEIR USE IN DIFFERENT APPLICATIONS
Banjo Omolola T., Oludele Awodele, Joseph O. Ajao

Distributed ledger technology (DLT) has the potential to revolutionize various industries by creating more efficient, transparent, and secure systems. This paper provided a comprehensive comparative study of different types of DLT, including blockchain, directed acyclic graphs, and hashgraph, and their applications in various industries, such as finance, supply chain management and healthcare. The study highlights the unique features and benefits of each type of DLT, its advantages and limitations, and provides real-world use cases of DLT in each industry. The potential future developments of DLT and its impact on various industries, such as decentralization, security, automation, innovation, and collaboration were also discussed. The study analyzes which types of DLT are best suited for certain applications and industries, and predicts how DLT will shape the future of technology and business. The potential impact of DLT on industries such as finance, supply chain management, healthcare, voting systems and the energy industry is significant, and the future of DLT is promising.

Keywords: distributed ledger technology, blockchain, directed acyclic graphs, supply chain management, decentralization

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Call For Papers
The College of Postgraduate Studies, Babcock University is pleased to announce as part of its multi-disciplinary research endeavour the Call for Papers (CFP) for publication in the first issue of its edited volume:

CURRENT TRENDS IN INFORMATION COMMUNICATION TECHNOLOGY RESEARCH (CTICTR).

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