Blockchain

Blockchain                              Data Engineering

noun

Definition: A distributed digital ledger of cryptographically signed transactions grouped into blocks, where each block is cryptographically linked to the previous one; after validation and consensus, this structure makes tampering evident and increasingly resistant as new blocks are added [NIST CSRC Glossary].

Examples in context:

“As its name suggests, a blockchain is a network of interconnected data made up of units called blocks that each contain details about a single transaction, such as the date and time, the total amount, the buyer and seller, and a special identification number for each trade.” [Akram et al. 2024 ]

Blockchain is a distributed ledger technology (DLT) that consists primarily of public key cryptography, hashing algorithms and consensus mechanisms.” [Jin 2024]

Synonym: distributed ledger technology (partial; broader term)

Related terms: distributed ledger, consensus protocol, cryptographic hash, public key cryptography, smart contract

 

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