What is Blockchain?

A definition of Blockchain

“Blockchain is a decentralized digital ledger technology that records transactions across many computers. It ensures that the recorded events cannot be altered retroactively, offering transparency and security.”

Blockchain in Business Glossary - What is a Blockchain?

Business Glossary > What is Blockchain?


Examples of Blockchain in a Sentence:

Blockchain is revolutionizing the way data is stored and shared.

Companies are investing in blockchain to enhance security.

Blockchain technology underpins cryptocurrencies like Bitcoin.

Why is Blockchain Important in Business?

Blockchain matters because it offers a secure and transparent way to record transactions, which can reduce fraud, increase efficiency, and provide an immutable record of data, which is essential in various industries.

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Associated Terms

Here are some associated business terms and synonyms for “Blockchain”:

  • Distributed Ledger Technology
  • DLT
  • Digital Ledger
  • Cryptographic Ledger

IBM Blockchain Solutions

IBM has been a leader in developing blockchain technology, offering solutions for supply chain transparency and security. Their platform allows businesses to build and expand blockchain networks.

Final Notes on Blockchain

Blockchain provides a foundation for trust in digital transactions. Entrepreneurs should consider its potential to transform operations and create new business models in their industry.


This has been a definition of Blockchain meaning.

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