Blockchain

{
  "id": "MLC-T-LAW-000744",
  "term": "Blockchain",
  "field": "Law",
  "definition": "A distributed digital ledger that records transactions in a secure and immutable manner across a network of computers. Each block in the chain contains a number of transactions, and every time a new transaction occurs, a record of it is added to every participant's ledger. This decentralized structure creates a permanent and transparent record-keeping system, which is the foundational technology for cryptocurrencies like Bitcoin.",
  "url": "https://mlchart.com/terminology/law/blockchain/"
}