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 The app aims to create a more efficient platform, including through the use of blockchain technology, to connect different parts of the industry. —

Vanessa Perdomo, Fortune Europe, 23 May 2024 Sergey Nazarov, Co-Founder of Chainlink, a decentralized blockchain oracle network built on Ethereum, said in an email that the decision proves that the capital markets are now getting involved in the crypto industry. —

Vinamrata Chaturvedi, Quartz, 23 May 2024 See all Example Sentences for blockchain

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.