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Netanyahu Says He Requested Blockchain Plan for Potential Banking Sanctions

By The Defiant Team

The Israeli premier called blockchain one of several alternatives as Britain threatens action against businesses supporting settlement construction.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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Sanctions

Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.

Sanctions are used to pressure governments without military action, with costs for both sides.

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