What is a blockchain?

The difference between the blockchain and the other keywords is that no one really understands what the blockchain is.

Peter Smith, CEO of Blockchain Ltd., at the "Noah technology" conference in Berlin on June 22, 2017 • Credits: Krisztian Bocsi / Bloomberg - Getty
This morning, no ticket mood but a blockchain ... What will the listeners say? We are not at USA Culture but at France Culture here! I'm kidding because indeed, "blockchain" it's complicated to translate, even if we say chain Bloch - which is not France inter - no it's an internal joke on radio France since Laurence Bloch is the boss of France inter.

Let us take this untranslatable term "blockchain", untranslatable also and especially in the language of mortals, since to tell the truth, apart from a handful of geek, forgiveness of computer scientists, nobody knows what a blockchain, and however, it is the hottest, hottest word of the moment.

As you know, the world in general and the economic world in particular is customary buzzwords, tics of language, ".com", "disruptive" through "2.0". In politics or even in literature, there are buzzwords, but in economics, the difference is that the fashion is money, that is to say that a company supposed to control the blockchain is worth more expensive than another company that would not brand that word as a mantra.

However, the difference between the blockchain and the other keywords is that no one really understands what the blockchain is. Control procedure disseminated on computers? Algorithm related to cryptocurrencies? But if I say that it will now be necessary to define what is a cryptocurrency.

In Wikipedia, the definition of blockchain is an information storage technique without a control organ - well, you just have to blockchain the definition of the blockchain, forgetting your brain, this organ of control.