The IT Law Wiki
Advertisement

Definition[]

Blockchain distributed ledger technology is

technology that uses a distributed, decentralized, shared, and replicated ledger that is:
(A) Either:
(i) Public;
(ii) Private;
(B) Either:
(i) Permissioned; or
(ii) Permissionless; and
(C) Contains data that is:
(i) Securely protected with cryptography;
(ii) Immutable;
(iii) Auditable; and
(iv) Provides an uncensored truth.[1]

References[]

  1. Ark. Code 25-32-122(a)(1).
Advertisement