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 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.