Firstly, what’s in a name? In the case of Distlytics, it has been formed from the words which describe what it does – Distributed Ledger Analytics.
Next, what’s a Distributed Ledger? Well, in basic terms it’s a protocol / technology / architecture that provides the ability for identical copies of a database to be held, simultaneously, by multiple parties. It’s the descriptive term of how the Blockchain technology that underpins crypto-currencies such as Bitcoin is used.
Finally, if you don’t know anything about Distributed Ledger or Blockchain technology then that’s ok…..that’s why Distlytics was formed.