MLchartDataset catalogue

Blockchain technology

Term · Insurance and risk management · MLC-T-INS-000575

A decentralized, distributed ledger technology that records transactions across a network of computers, making the data immutable and transparent. Each block contains a timestamp and a link to the previous block, forming a chain. This technology underpins cryptocurrencies like Bitcoin and can be applied to secure data and processes in insurance.

Table 1. Record
IdentifierMLC-T-INS-000575
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000575",
  "term": "Blockchain technology",
  "field": "Insurance and risk management",
  "definition": "A decentralized, distributed ledger technology that records transactions across a network of computers, making the data immutable and transparent. Each block contains a timestamp and a link to the previous block, forming a chain. This technology underpins cryptocurrencies like Bitcoin and can be applied to secure data and processes in insurance.",
  "url": "https://mlchart.com/terminology/insurance/blockchain-technology/"
}

Record 346 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.