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The actual and perceived value/utility of anything [concrete or abstract] affirmed by parties to a transaction which brings about a mutually satisfactory exchange of goods or services. Any object, idea or element conferred such value/status by the parties to a transaction.
A blockchain facilitates secure online transactions. A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.
Examples: Government Currencies; Collateral; Accounts Receivable; Promissory Note; Bonds; Excellent credit rating (Trustworthiness); Faith/Trust in the exchange’s ability to meet BPI/DIE of parties to the exchange; Shared Fiction and Shared Values (e.g., Yap Islands "stone money"; the belief shared by the buyer and seller that a painting is worth $1 million; Brazilian URV; Bitcoin and other Cryptocrurencies; “A Magic Stone”).
