Blockchain is the technology behind Bitcoin that allows it to function as a decentralized digital currency. It provides an immutable record of transactions through a distributed ledger maintained by a network of computers. Key features of blockchain include distributed consensus on the transaction record, automatic conflict resolution, and trustless trust without an intermediary. Beyond Bitcoin, blockchain can be used to build decentralized applications and record any type of digital asset or data in an open yet verifiable way, as demonstrated by platforms like Ethereum, Blockstack, and Everledger.