What is a Blockchain?

By: Geeq

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

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.

Interested in learning more? Check out Geeq’s Glossary entry for Blockchain.