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Distributed Ledger Technology Systems. A Conceptual Framework


  • Michel Rauchs

    (University of Cambridge)

  • Andrew Glidden

    (University of California, Berkeley)

  • Brian Gordon

    (University of Utah)

  • Gina Pieters

    (University of Chicago)

  • Martino Recanatini

    (University of Cambridge)

  • Francois Rostand

    (University of Cambridge)

  • Kathryn Vagneur

    (University of Cambridge)

  • Bryan Zhang

    (University of Cambridge)


The DLT ecosystem is plagued with the use of incomplete and inconsistent definitions and a lack of standardised terminology, creating a needlessly complicated landscape for everyone from experienced policymakers and developers to individuals venturing into the field for the first time. This study sets out to contribute to international discussions to create a shared, common language around DLT systems to clarify terminology and concepts.

Suggested Citation

  • Michel Rauchs & Andrew Glidden & Brian Gordon & Gina Pieters & Martino Recanatini & Francois Rostand & Kathryn Vagneur & Bryan Zhang, 2018. "Distributed Ledger Technology Systems. A Conceptual Framework," Cambridge Centre for Alternative Finance Reports 201810-dlts, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge.
  • Handle: RePEc:jbs:altfin:201810-dlts

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    References listed on IDEAS

    1. Lin William Cong & Zhiguo He, 2019. "Blockchain Disruption and Smart Contracts," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 1754-1797.
    2. Ruttenberg, Wiebe & Pinna, Andrea, 2016. "Distributed ledger technologies in securities post-trading - Revolution or evolution?," Occasional Paper Series 172, European Central Bank.
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    3. Joo, Mingyu & Kim, Seung Hyun & Ghose, Anindya & Wilbur, Kenneth C., 2023. "Designing Distributed Ledger technologies, like Blockchain, for advertising markets," International Journal of Research in Marketing, Elsevier, vol. 40(1), pages 12-21.
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