# kaal:claim:2959730-016

**Claim.** The author stipulates that a blockchain is a shared digital ledger or database that maintains a continuously growing list of transactions among participating parties regarding digital assets, described as blocks.

**Type.** definitional  **Support.** asserted

**Holds when.**

- used as the operative definition for the remainder of the article

**Source quote.**

> As such, a blockchain is a shared digital ledger or database that maintains a continuously growing list of transactions among participating parties regarding digital assets –

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), IV. Blockchain Technology, page 9

**Cite as.** Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** blockchain, decentralization

**Keywords.** blockchain-definition, distributed-ledger, digital-assets, terminology

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