Technical
Distributed Ledger Technology (DLT) / Blockchain
Shared synchronized ledgers using consensus mechanisms.
Definition
A shared, synchronized ledger technology employing consensus mechanisms to record transactions across nodes; legally recognised for evidentiary purposes and subject to specific record‑keeping and transactional rules under the statute.
Related Terms
distributed ledger technology (DLT)
A replicated, shared ledger system across multiple nodes....
smart contract
Computer protocol that enforces agreements partly or fully automatically....
digital asset
Digital representation of value or rights managed under the Law....
innovative technology arrangements
Software, code, protocols and architectures used in DLT/smart contracts....
Innovative Technology Arrangement (ITA)
Software/architectures (e.g., AI, DLT, smart contracts) subject to certification....