Noun
block chain (plural block chains)
A chain in which the alternate links are broad blocks connected by thin side links pivoted to the ends of the blocks, used with sprocket wheels to transmit power, as in a bicycle.
Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. Source: Internet
Bajomo hinted the CBN, through an inter-agency committee and the FinTech Association of Nigeria, is already exploring block chain adoption for the financial sector. Source: Internet
Two years ago, the ministry indicated that Kenya is also exploring ways of moving its land registry to a block chain platform, which is a ledger of digital transactions that make records secure and easily verifiable. Source: Internet
“It enhances revenue collection and removes the challenges of remittances; everything becomes easy when it is brought to the block chain infrastructure,’’ he said. Source: Internet
The conference, focusing on the impact of disruptive technologies on logistics and transport, discussed how new trends like robotics, autonomous vehicles, drones, block chain and artificial intelligence and big data affect the sector. Source: Internet