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

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This master proof, along with minimal necessary metadata, is then recorded on the blockchain. —

Ayush Gupta, Forbes, 29 Oct. 2024 For example, Victoria University Online’s MBA program includes modules that cover topics such as global supply chain strategies and the application of blockchain technology in supply chains. —

Sj Studio, Sourcing Journal, 28 Oct. 2024 That album was originally released via blockchain — a fitting move for Cube as a mogul always looking for his next business venture. —

Wesley Stenzel, EW.com, 25 Oct. 2024 The blockchain analytics platform estimates that between July 2023 and July 2024, there was $1.3 trillion in on-chain value received. —

Mackenzie Sigalos, CNBC, 18 Oct. 2024 See all Example Sentences for blockchain