Attestation Ledger

November 21, 2023 - Around 1 mins mins to read

Understanding the Attestation Ledger

An attestation ledger is a specialized business ledger that verifies the occurrence of a financial transaction and establishes the authenticity of transactions or products.

This verification is supported by presenting evidence in the form of a receipt, invoice, or bank statement.

Essentially, an attestation ledger serves as a dedicated ledger for a specific account, such as a digital cryptocurrency wallet or a PayPal account.

Attestation ledgers provide concrete proof of financial transactions and can also include statements or commitments that offer evidence to third parties about the fulfillment of these commitments.

The ledger stores various types of records within a blockchain-based distributed network.

Attestation ledgers are public distributed ledgers used to validate individual transactions.

By entering a transaction ID into the attestation ledger, one can verify the validity of a transaction.

In addition, attestation ledgers can be utilized by a Blockchain Operating Ledger System (BOLOS) when connecting a host computer to ensure the device’s integrity and security.

Applications can also demonstrate their operation on a legitimate ledger device by utilizing attestation ledgers.

Glossary