A distributed ledger has serious security considerations. A distributed ledger is a database distributed across several computers or servers. A hacker would have to enter many systems to obtain access to the data, making it difficult for them to attack the system. Furthermore, a distributed ledger is transparent and can be accessed by anyone with network access. Criminals will find it more challenging to conduct fraud or hide their activities as a result of this. Financial transactions will be easier to audit, and criminals will be easier to trace down. Individuals can also utilize a distributed ledger to build a digital identity that can be used to validate their identity online. The bottom line is that it will make most of the data that businesses handle more secure.