|When data from throughout the organization and its assets is processed through advanced digital technologies, which leads to fundamental changes in business processes that can result in new business models and social change.
|Any time you translate something – for example, by scanning a photo or a document – into bits and bytes, you are digitizing that object.
|A digital original document that has all the attributes and specific functions that a negotiable instrument requires, enabling it digitization. These features include: Ownership attributes; the ability to demonstrate the uniqueness of the document and the ability to transfer ownership of the document.
|The Distributed Ledger Technology is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions
|The Negotiable Instrument is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand or at a future date. The term is used in the application of different laws, and depending in which country and context it is used.
|Is able to perform notarial acts electronically by creating permanent evidence that a document or other electronic information existed in a certain form at a particular point in time.
|A Digital Negotiable Instrument is a digital equivalent instrument to the NI. operates in the same way, delivering the benefits. form at a particular point in time.
|The Electronic Negotiable Instrument is a negotiable instrument evidenced by an electronic record. consisting of information that is inscribed on a tangible medium
|The Electronic Payment Undertaking delivers a digitally native irrevocable, unconditional, and independent payment undertaking that fulfils all requirements of a traditional NI, albeit subject to contract law rather than common law.
|Internet of Things is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
|The International Trade and Forfaiting Association is the worldwide trade association for companies, financial institutions and intermediaries engaged in global trade, forfaiting, supply chain and receivables financing.
|The Model Law on Electronic Transferable Records enables the legal use of electronic documents both domestically and internationally,