Risk glossary



A blockchain is a type of digital ledger in which ‘blocks’ of transactions are publicly recorded and chronologically added to a chain of continuously growing records. Secured using cryptography and accessible by computers connected to ‘nodes’ on the network, the data is shared with all participants and is resistant to modification because its alteration requires collusion of the network majority – instead of by a single centralised authority.

The earliest primary application of blockchain was for cryptocurrencies such as bitcoin, although the financial industry has since invested heavily in exploring the technology’s potential for a wide variety of use cases.

Click here for articles on blockchain.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here