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A type of distributed ledger technology (DLT) that consists of growing lists of records, called blocks, that are securely linked together using cryptography.
A method of protecting information and communications through the use of codes, so that only those for whom the information is intended can read and process it.
Distributed Ledger Technology (DLT)
Is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, devices or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.
IOT (Internet of Things)
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. Internet of things has been considered a misnomer because devices do not need to be connected to the public internet, they only need to be connected to a network and be individually addressable.
Stands for 'In Real Life', which means events or experience that are occurring live and/or 'face to face'.
KYC (Know Your Customer)
Is the practice carried out by companies to verify the identity of their clients in compliance with legal requirements and current laws and regulations such as AML, GDPR and eIDAS.
Is "data that provides information about other data", but not the content of the data, such as the text of a message or the image itself. For example, in music, the metadata for a song would be the artist name, the album it appears on, the producer name, the release date, the IPI code, the ISNI code, etc
A unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. There is no "market price" for set value. The value is in the eye of the beholder (like art is).
It's just that, a contract that is smart. Just like a smart phone or a smart TV. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. This is a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.