Sentences with phrase «electronic ledger»
An electronic ledger is a digital record-keeping system where information and transactions are recorded and stored. It acts like a database or a notebook that can be easily accessed and updated by multiple users. It helps keep track of things like financial transactions, ownership records, or any other type of data that needs to be stored and shared securely. Full definition
Blockchain technology is an indestructible electronic ledger of both economic and financial transactions.
bitmainnews.com
With its ability to validate all transactions in an immutable electronic ledger, the blockchain has the potential to be as disruptive as Amazon was in the late 1990s.
All Treasury securities are issued in what is called «book - entry» form - an entry in a central electronic ledger.
From the outset, Bitcoin and other cryptocurrencies based on the blockchain, has been connected to transactions which while recorded by electronic ledgers, also provided a level of anonymity.
Originally the formal name of the tracking database underlying the digital currency bitcoin, the term is now used broadly to refer to any distributed electronic ledger that uses software algorithms to record transactions with reliability and anonymity.
The reason tokens and token sales defy easy and across - the - board characterization is simple: digital tokens are no more or less than numbered entries on a blockchain - based electronic ledger.
Money, after all, is built on trust, and the blockchain technology that bitcoin is built on top of automates trust through an electronic ledger that can not be altered.
Blockchain systems use a public database distributed among multiple computer servers to continuously maintain and verify an electronic ledger of transactions.
Originally designed to facilitate the exchange of virtual currency such as Bitcoin, the blockchain is an electronic ledger system which is decentralized by nature.
The blockchain, the electronic ledger which records and tracks the exchange and trade of cryptocurrency, relies on this network, which is made up of thousands of Bitcoin nodes running Bitcoin software.
Standard Chartered Plc has teamed up with DBS Group Holdings Ltd. to create an electronic ledger for invoices which is supposed to cut costs and prevent fraud in trade financing.