# Blockchain

**IRI:** https://folio.openlegalstandard.org/R8WOVQCUTOW5HHWHyLyC0Gn

## Labels

**Preferred Label:** Distributed Ledger

## Definition

Blockchain refers to a decentralized and distributed digital ledger technology that securely records transactions across multiple nodes. It is commonly employed for digital currencies but can also be used to record contracts, property titles, and other types of data.

## Sub Class Of

- https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

**Deprecated:** False