innovative technology arrangements
Software, code, protocols and architectures used in DLT/smart contracts.
Definition
Statutorily defined elements such as software, code, protocols and architectures that underpin smart contracts and distributed ledger technology applications; the term is intentionally broad to capture evolving technical constructs used to deliver innovative technology functionality. These arrangements are the subject of MDIA recognition and conformity assessment processes under the Act.
Related Terms
innovative technology arrangement
Software, code, protocols and architectures used in DLT/smart contracts....
innovative technology services
Services relating to the design, deployment or operation of IT arrangements....
smart contract
Computer protocol that enforces agreements partly or fully automatically....
Innovative Technology Arrangement (ITA)
Software/architectures (e.g., AI, DLT, smart contracts) subject to certification....
innovative technology
Broad legal definition of covered digital technologies and related products/services....