Blockchain
Type: noun
Pronunciation: /blok-chayn/
Also spelled or known as: Distributed Ledger
Plural: Blockchains
What does Blockchain mean? A digital ledger technology used to record transactions and ownership data.
In music, blockchain may be used for NFTs, fan tokens, royalty tracking, rights data, ticketing, and digital collectibles.
Blockchain synonyms: Distributed Ledger, Decentralized Ledger, Chain Ledger
Example sentence: “The startup used blockchain to track music rights ownership.”
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