A blockchain is a combination of a protocol, a peer-to-peer network, and information flowing through a database in a cryptographic manner. The state of New York defines blockchain as follows:
"It is a distributed ledger technology, which is a mathematically secured, chronological, and decentralized consensus ledger or database, whether maintained via internet interaction, peer-to-peer network, or otherwise used to authenticate, record, share, and synchronize transactions in their respective electronic ledgers or databases, and business entities that develop distributed ledger technology"Â
(http://www.ncsl.org/research/financial-services-and-commerce/the-fundamentals-of-risk-management-and-insurance-viewed-through-the-lens-of-emerging-technology-webinar.aspx).
(http://www.ncsl.org/research/financial-services-and-commerce/the-fundamentals-of-risk-management-and-insurance-viewed-through-the-lens-of-emerging-technology-webinar.aspx).
The main question that arises from the core definition of blockchain is...
