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A blog (or " web log ") is a type of website with regular entries of commentary, descriptions of events, or other material such as graphics or video.
Entries are commonly displayed in reverse-chronological order.
Many blogs provide commentary or news on a particular subject; others function as more personal online diaries.
A typical blog combines text, images, and links to other blogs, Web pages , and other media related to its topic. The ability of readers to leave comments in an interactive format is an important part of many blogs. Most blogs are primarily textual, although some focus on art ( Art blog ), photographs ( photoblog ), videos ( Video blogging ), music ( MP3 blog ), and audio ( podcasting ).
Source: Wikipedia - http://en.wikipedia.org/wiki/Blogs
A feed is a regularly updated summary (“syndication”) of contents – blog entries, headlines, publications, multimedia – in the form of metadata about the source and the contents. It includes links to the full versions of those contents at their original location.
Web feeds benefit publishers by letting them syndicate content automatically. They benefit readers who want to subscribe to timely updates from favored websites or to aggregate feeds from many sites into one place.
Some platforms, Content Management Systems, library/document management systems allow you to create feeds automatically from the contents stored in the system
If you are not using this kind of tool, you have to implement feed creation in your in-house developed website/platform (you need competencies in programming and XML and you need to know the RSS/Atom specifications)
The use of third-party libraries for creating feeds such as Feedcreator or Rome is strongly recommended