[Taklimakan Blog] Open DLT vs. “Permitted”

Technically, the main difference is not between blockchain and DLT, but rather between open (public) and allowed (with permission).

In practice, the term blockchain implicitly classifies public DLT, namely a secure distributed ledger system through an elaborate system of economic incentives and, in particular, cryptocurrencies.

The cryptocurrency at the heart of the public DLT enables the platform to operate by providing a financial incentive to participate in the network and maintain security. These DLTs are almost all open source and are intended for public access. Some public distributed ledgers are not based on block architectures but DAGs: this includes IOTA, Nano, or Byteball.

Other DLTs are “allowed” and require permission to access them. Many companies wanted to work on POC (Proof of Concept) for the internal deployment of distributed ledgers. These networks are usually built in the form of a consortium of companies to take advantage of the efficiency of distributed ledgers in a particular use case. They are especially suitable for using BtoB when public DLTs will be more targeted at the BtoC audience.