Computer Science
6 years ago

Distributed ledgers fall short in replacing trusted parties in key systems.

When Can a Distributed Ledger Replace a Trusted Third Party?
Thomas Locher, Sebastian Obermeier, Yvonne Anne Pignolet

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Distributed ledgers are being used to create secure and transparent systems without the need for a trusted third party. However, in many cases, participants still need to trust each other, limiting the ledger's ability to fully replace a trusted party.