By John D’Agostino (pictured), Global Leader, Investor Engagement at DMS Governance, & Paras Malde, Director at DMS Governance. : By John D’Agostino (pictured), Global Leader, Investor Engagement at DMS Governance, & Paras Malde, Director at DMS Governance. Distributed ledger (DL) technology is the foundation on which crypto-currencies (or crypto-assets, depending on where one falls in the debate) lie. Bitcoin, the most well-known use case for DL, is an attempt to solve the problem of storing and transferring value in a digital, decentralised system.