The word “ blockchain ” has become so widespread it is losing its meaning , claims Adrianne Jeffries . Blockchain is a cryptographically enhanced digital ledger that covers most cryptocurrencies and there are many online explanations , but no universal definition . The data on the ledger is protected with cryptography, is immutable and auditable and provides an uncensored truth.” The growth of the cryptocurrency industry has exaggerated what a blockchain can do and this may lead to confusion as states pass legislation about blockchains . The government of British Columbia is now leading attempts to find an agreed standard definition for the International Standards Institute .
The word “ blockchain ” has become so widespread it is losing its meaning , claims Adrianne Jeffries . Blockchain is a cryptographically enhanced digital ledger that covers most cryptocurrencies and there are many online explanations , but no universal definition . The growth of the cryptocurrency industry has exaggerated what a blockchain can do and this may lead to confusion as states pass legislation about blockchains . The government of British Columbia is now leading attempts to find an agreed standard definition for the International Standards Institute .