Page 144 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition

Approach

Because of rapid changes and the relatively large scope of issues surrounding DLT, this study does not, and
cannot, cover all aspects of DLTs. Rather, it is of a landscaping nature with an additional focus on financial
inclusion. It is written with primarily regulators, lawmakers, and others with a non-technical interest in DLT
in mind. For ease of reading for non-technical readers, most of the technical details around DLTs are placed
in the endnotes.

Readers who have a technical interest in DLTs and the nuances of the technologies, classifications, and
terminology are encouraged to read the papers referenced in the endnotes.
It must also be noted that since DLT is an amalgam of emerging and evolving technologies, there appears to
be limited consensus amongst academics, commentators, those in DLT development and consulting industries,
and regulators on ‘standard’ DLT terminology and the technical and commercial use and implications of the
technology. Even the term ‘DLT’ to describe new decentralized ledger technology has variations. However, this
study settles on terminology and DLT concepts in general use at the time of writing.

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