Distributed Ledger Technologies/Blockchain

In recent years, the SEC has encountered a number of issues relating to distributed ledger technology and blockchains. The term distributed ledger refers to databases that maintain information across a network of computers in a decentralized or distributed manner. These networks commonly use cryptographic protocols to ensure data integrity and consensus mechanisms to ensure data congruity. Blockchains are one type of distributed ledger, and they are often used to issue and transfer ownership of crypto assets/digital assets that may be offered and sold as securities, depending on the facts and circumstances.