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blockchain

/ˈblɒkˌtʃeɪn/  ·  say it: BLOK·chayn

a shared, tamper-resistant digital ledger

In Technology & Computing

In more detail

1. (noun) a digital record system where information is stored in blocks linked together in a chain, making it very difficult to alter or fake the data

2. (noun) the technology behind cryptocurrencies like Bitcoin that allows secure transactions without a central authority

Examples

• 1. Blockchain technology is used to verify and record financial transactions.
• 2. Many companies are exploring blockchain for supply chain management and other applications.

Nearby in Technology & Computing

throughput, token, virtualization, chatbot, cybersecurity, data mining