blockchain

noun

block·chain ˈbläk-ˌchān

: a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network

also : the technology used to create such a database

The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. —

Marco Iansiti and Karim R. Lakhani

Examples of blockchain in a Sentence

Recent Examples on the Web Investigators accused them of spending months plotting their theft within the Ethereum blockchain, baiting their victims and establishing shell companies to hide their illicit profits. —

Robert Legare, CBS News, 15 May 2024 Leveraging cutting-edge technologies such as cloud computing, artificial intelligence, and blockchain, emerging ERMS offer organizations unprecedented efficiency, accessibility, and security in managing their electronic records. —

Kyle J. Russell, USA TODAY, 12 May 2024 We’ve been mesmerized by emerging technology before, from the blockchain revolution and the allure of the metaverse to the frenzy surrounding NFTs, but generative AI is a new pinnacle of technological innovation. —

Byjeﬀrey Saviano, Fortune, 8 May 2024 Earlier this year, the financial watchdog sent subpoenas to the Ethereum Foundation, the ecosystem that works behind the Ethereum blockchain network, to classify Ether as a security. —

Vinamrata Chaturvedi, Quartz, 6 May 2024 Their cryptocurrency mining hobby morphs into an Ethereum mining company using Nvidia GPUs (graphics processing units) to verify blockchain transactions. —

Sharon Goldman, Fortune, 1 May 2024 Chitra is an investor who outlines the need for crypto’s decentralized approach to finance, i.e. putting the faith in the blockchain community rather than a big financial institution. —

Cynthia Littleton, Variety, 24 Apr. 2024 Consult legal experts to navigate the regulatory landscape and ensure your blockchain implementation adheres to relevant laws and regulations. —

Jeffrey Edell, Rolling Stone, 17 Apr. 2024 The financial sector is confronting massive changes in the form of game-changing technologies, including AI and blockchain, and unprecedented political shifts. —

Sheryl Estrada, Fortune, 17 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'blockchain.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.