©  Daniel Drescher 2017

Daniel Drescher, Blockchain Basics, 10.1007/978-1-4842-2604-9_5

5. Disambiguating the Term

Four ways to define the blockchain

Daniel Drescher

(1)Frankfurt am Main, Germany

In the preceding steps you learned about the major purpose of the blockchain and the relation between trust and integrity of the software system. As a result, you gained a well-grounded appreciation of the purpose of the blockchain, but you are still missing a definition of the term blockchain itself. This step will turn your attention to the definition of the term and explain its different usages. This step will present a provisional definition of blockchain, which will guide you through the remainder of this book. Finally, this step explains why the management ...

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