Meaning ● Distributed Ledger Adoption, specifically within the context of small and medium-sized businesses, represents the strategic business integration of distributed ledger technologies (DLT) to optimize operational processes, enhance security, and drive growth. ● DLT’s adoption signifies a move beyond traditional centralized databases, providing SMBs with transparent, immutable, and auditable record-keeping capabilities. ● Its primary significance for SMBs lies in its potential to streamline supply chain management, automate invoice processing via smart contracts, and establish secure digital identities for increased trust and efficiency, all vital for SMB growth.
