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

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

The blockchain foundation of these systems offers robust solutions for data governance and compliance – critical concerns for regulated industries. —

Bernard Marr, Forbes, 15 Jan. 2025 The firm also manages ETFs that are focused on companies operating in blockchain technology. —

Ganesh Rao, CNBC, 14 Jan. 2025 In response, the joint statement urges blockchain companies and freelance work industries to bolster their vetting processes to avoid inadvertently hiring North Korean IT workers. —

Michael Kan, PCMAG, 14 Jan. 2025 Developers can integrate Web3 features without facing the typical limitations associated with blockchain technology. —

William Mullane, USA TODAY, 11 Jan. 2025 See all Example Sentences for blockchain