Why does Timber Chain use Distributed Ledger Technology (DLT)?

By admin gm | 15 March 2023

Timber Chain manages supply chain information on a platform that uses principles of blockchain, or Distributed Ledger Technology (DLT). DLT has been selected for Timber Chain because:

  • It demonstrates a trustable, high level of transparency and security (compared to other alternatives). 
  • It is ideally suited for transactions between different organisations which require a degree of trust. In this sense DLT links existing traceability systems along a chain, adding extra security.
  • Data is stored in a secure digital ledger forever, making future requests for documentation seamless.
  • It is immutable (tamperproof) and ensures that once data is uploaded it cannot be maliciously tampered with. 

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