CommissionedbyWhitepaperOnDistributedLedgerTechnology11Nov2016WhitepaperonDistributedLedgerTechnology11.Foreword...............................................................................32.ExecutiveSummary......................................................................53.Introductiontodistributedledgertechnology...............................................93.1Basicbuildingblocksandmodeofoperations...........................................93.2Adetailedwalk-throughillustration...................................................123.3TheDisruptiveProperties...........................................................163.4Smartcontracts....................................................................173.5Conclusions.......................................................................174.Technology............................................................................184.1Protectinginformationintegritythroughdesign:a“macro”perspective...................184.2Protectinginformationintegritywithcryptographictechnology:a“micro”perspective......234.3SmartContracts....................................................................275.Deployment...........................................................................285.1Performance......................................................................285.2Interoperability....................................................................316.DLTPlatforms..........................................................................346.1Bitcoin............................................................................346.2Ethereum.........................................................................356.3Hyperledger.......................................................................356.4Corda.............................................................................366.5Ripple............................................................................367.Governance....................................