Blockchain
Blockchain is a shared digital ledger that stores data. Unlike conventional databases that are centralised, blockchain is decentralised. Once a singular block is filled, it's linked to the previous one, forming a blockchain that can’t be altered. Blockchain technology is used in cryptocurrency systems to keep a secure and decentralised record of transactions. Blockchain is also used in supply chain management, smart contracts, decentralised finance (DeFi) and non-fungible tokens (NFTs).
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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