Blockchain
/ˈblɒktʃeɪn/
Definitions
- (n.) A distributed digital ledger technology that records transactions across a network in a secure, immutable, and transparent manner, often used to ensure the integrity and traceability of data and assets.
The contract was secured using blockchain technology to prevent unauthorized alterations.
Related terms
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Commentary
In legal contexts, blockchain is primarily relevant for enforcing transaction integrity, managing digital assets, and enabling smart contracts; drafters should ensure clarity on jurisdiction and legal recognition of blockchain records.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.