Ten troublesome blockchain terms: What’s accurate, what’s not?
A deep dive into blockchain verbiage to bring clarity to this evolving worldwide discussion
Published February 22, 2019
The word, the concept, the technology seem to be a globally trending topic: blockchain.
And the terminology used in any blockchain conversation includes as many question marks as answers. To name just a few of the terms: What about blockchain’s security, its immutability, and its resiliency?
A group of Federal Reserve System staff dived deeply into blockchain verbiage to bring clarity to this ongoing and evolving worldwide discussion. The result is “Ten troublesome blockchain terms: What’s accurate? What’s not?”
The goal: To stimulate additional conversation and to ultimately reduce regulatory inconsistencies, improve communication, and contribute to the accurate assessment of risk.