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In today's connected and integrated world, economic activity takes place in business networks that cross national, geographic, and jurisdictional boundaries. Transactions typically involve various participants like buyers, sellers, and intermediaries (such as banks, auditors, or notaries) whose business agreements and contracts are recorded in ledgers. A business typically uses multiple ledgers to keep track of asset ownership and asset transfers between participants in its various lines of businesses. Ledgers are the systems of record for a business's economic activities and interests.