Applications
  • Use Cases
  • Micropayments
  • Remittances
  • Safe Storage
  • Smart Manufacturing
  • Supply Chains
Technology
  • Geeq Chain
  • Geeq Data
  • Geeq Pay
  • Roadmap
  • Technical Paper
  • Updates
  • White Paper
Token
  • Announcements
  • Staking
  • Staking FAQs
  • Token FAQs
Resources
  • Articles
  • Explainers
  • FAQs
  • Glossary
  • News
  • Q&As
  • Videos
Company
  • About Us
  • FAQs
  • Intellectual Property
  • Media Kit
  • Presentation
  • Summary
Connect
  • Community
  • Linkedin
  • Newsletter
  • Partners
  • Shop Geeq
  • Telegram
search button
Applications
  • Use Cases
  • Micropayments
  • Remittances
  • Safe Storage
  • Smart Manufacturing
  • Supply Chains
Technology
  • Geeq Chain
  • Geeq Data
  • Geeq Pay
  • Roadmap
  • Technical Paper
  • Updates
  • White Paper
Token
  • Announcements
  • Staking
  • Staking FAQs
  • Token FAQs
Resources
  • Articles
  • Explainers
  • FAQs
  • Glossary
  • News
  • Q&As
  • Videos
Company
  • About Us
  • FAQs
  • Intellectual Property
  • Media Kit
  • Presentation
  • Summary
Connect
  • Community
  • Linkedin
  • Newsletter
  • Partners
  • Shop Geeq
  • Telegram
geeq print logo

Blockchain

print-view-button
What does Blockchain mean?

A blockchain is an electronic ledger made up of blocks (containing groups of transactions or data) which are appended sequentially.

Main Idea:

The primary economic value of a blockchain is to provide a dependable data set that is acceptable to all parties who wish to coordinate on some, but not all, dimensions with each other and do not wish to trust a third party.

The Problem with Most Blockchain Technologies:

The more certain all parties can be that the underlying blockchain technology produces an official record that has not and will not be manipulated or censored at any time, the more economic value a blockchain can bring.

Blockchains are also intended to bring advantages derived from decentralized distributed technologies by eliminating the weaknesses of relying on a trusted intermediary. However, enterprise blockchains are not decentralized and public blockchains cannot offer security guarantees.

Technical Definition:

A blockchain is a data structure ordinally and recursively linked to create an order of transactions or other information by block.

Use Case:

A properly specified blockchain is a way to provide an automated record of transactions or data with neutral, rigorous attestations, such that the records may be referred to ex post for 1) the purpose of economic coordination and 2) determining the existence (or lack of) evidence or documentation.

Making Life Easier:

From the simplest payment system to the most complicated smart contract, a properly specified blockchain provides easy, low cost confirmation that a) conditions have been satisfied and agreements should proceed or, alternatively, b) conditions have not been satisfied, automatic transactions should not be executed, and/or next steps should be reconsidered.

The Geeq Difference:

When decentralized networks of nodes are used, there is always the chance of malicious behaviour in the future so it is not credible that the data on every node will be immutable, extending into the future. Instead of glossing over this possibility, Geeq’s blockchain technology provides the user with the ability to obtain proof that a blockchain (1) has been built and maintained exactly according to protocol and (2) has not been manipulated at any time to date. In addition, Geeq’s blockchain technology is able to self-heal: if the entire network is attacked, a user is warned by Edge Security not to use it until the blockchain has been recovered from the last neutral and non-manipulated block.

Last Updated: May 6, 2021

geeq.io

previous term

Block

go back to

Glossary Home

next term

Byzantine Fault Tolerance (BFT)

Read what Geeq has to say about Blockchain...

The following articles are written by the Geeq team to share and inform about the industry we are passionate about.
To learn more about events, announcements and learn about other topics visit our news section

A Web of Our Own

What does it really mean to “own” something online? The technology of Web 3 will not be able to let us own everything about ourselves, but all the experiments underway may be enough to attain escape velocity from Web 2.

Geeq™ Data for Regulatory Compliance - Aviation Manufacturing

Enterprises bear large costs to comply, be prepared for an audit, or both. Read on for one hypothetical use for Geeq Data‘s attestation service to benefit the aviation industry.

Q1 2022 Update: How to Use Geeq Data

Geeq Data validates attestations of data in real-time, backed by Geeq's ultra-secure blockchain technology. Please enjoy an inside look at a dApp that is able to be customized to serve your needs.

Important Dates for Geeq's Web-Staking

We keep our un-staking dates and links here.

Geeq Staking Announcement

Here are the details for another round of Geeq’s Web-Based Staking beginning Sunday, March 20th!

Subscription models, re-evaluated

Geeq German Ramirez predicts the end of subscription-only business models, which opens an enormous addressable market for Geeq Pay.

Geeq partnership unlocks next-generation blockchain’s potential for business transformation

Groundbreaking Geeq platform will help consultancy Alchemmy win advantage for clients seeking security, scalability and reliability

Geeq AMA with KuCoin - RECAP

The New Year was off to a fine start, with Geeq at KuCoin for its first AMA of the year.

Enterprise Adoption : Not a matter of "if" but "when"

Last week, Geeq’s very own German Ramirez, our Global VP of Marketing, presented at the digital conference entitled “Blockchain in Business 2021 – Structuring the new business environment”.

KuCoin listing brings GEEQ to the world

KuCoin listing makes GEEQ available to 8 million active traders globally.

Geeq Staking Announcement

One more time! We're opening a new staking pool.

AscendEX, Liquidity, and Staking Pools Update

An update about the events over the weekend in the AscendEX hack and the changes we are implementing for the web staking we are offering today.

Banner Art Image by   on

Geeq Logo
  • Limitless Applications
  • Limitless Ecosystem
Applications
  • Use Cases
  • Micropayments
  • Remittances
  • Safe Storage
  • Smart Manufacturing
  • Supply Chains
Technology
  • Geeq Chain
  • Geeq Data
  • Geeq Pay
  • Roadmap
  • Technical Paper
  • Updates
  • White Paper
Token
  • Announcements
  • Staking
  • Staking FAQs
  • Token FAQs
Resources
  • Articles
  • Explainers
  • FAQs
  • Glossary
  • News
  • Q&As
  • Videos
Company
  • About Us
  • FAQs
  • Intellectual Property
  • Media Kit
  • Presentation
  • Summary
Connect
Geeq Logo
  • Limitless Applications
  • Limitless Ecosystem
Applications
  • Use Cases
  • Micropayments
  • Remittances
  • Safe Storage
  • Smart Manufacturing
  • Supply Chains
Technology
  • Geeq Chain
  • Geeq Data
  • Geeq Pay
  • Roadmap
  • Technical Paper
  • Updates
  • White Paper
Token
  • Announcements
  • Staking
  • Staking FAQs
  • Token FAQs
Resources
  • Articles
  • Explainers
  • FAQs
  • Glossary
  • News
  • Q&As
  • Videos
Company
  • About Us
  • FAQs
  • Intellectual Property
  • Media Kit
  • Presentation
  • Summary
Shop Geeq

Geeq © 2022

Privacy Policy Terms of Use