What Is an Attestation Ledger? An attestation ledger is generally used to “attest” that a financial transaction took place, or to prove authenticity of transactions or products. The evidence is always presented in the form of a receipt, an invoice or a bank statement. An attestation ledger acts as a special business ledger to a single account. The individual account can be an electronic commerce account such as a digital cryptocurrency wallet or a PayPal account. Attestation ledgers act as proof that financial transactions have taken place. They can also be extended to include statements or commitments which provide proof to third parties that commitments have been made. The ledger has all types of records that are running in a blockchain based distributed network. Attestation ledgers are a public distributed ledger that are used to confirm individual transactions. One can put a transaction ID into the attestation ledger to confirm whether a transaction is valid or not. Attestation ledgers can also be used by a Blockchain Operating Ledger System — also called BOLOS — when connecting a host computer to ensure that the device has not been altered or tampered with. Attestation ledgers can also be used by applications to prove they are running on a legitimate ledger device.
February 13, 2023
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