Meaning of the word blockchain in English

What does blockchain mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

blockchain

US /ˈblɑːk.tʃeɪn/
UK /ˈblɒk.tʃeɪn/
"blockchain" picture

Noun

a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network

Example:
Bitcoin is based on blockchain technology.
The company is exploring how blockchain can improve supply chain transparency.