Decentralized Ledger Technologies (DLT) are a set of software protocols most commonly known for their application as a digital currency in Bitcoin.
The decentralized ledger is maintained in a decentralized network of users and does not have a central authority. Rather it requires consensus between participants in the network to generate, monitor or process transactions and information in the decentralized ledger.
Such technologies have the potential to radically change the way we organize the world and they were relatively new in 2017.
As such Oxfam Novib was keen to learn about the potential of DLT for their operation and their partners. In collaboration with our portfolio company Kryha, TES Ventures supported Oxfam in a short research project to map the possibilities of DLT and their maturity.
