consensusmeans an agreement among distributed electronic ledger nodes on the validity of transactions and the maintenance of a consistent and ordered set of validated transactions across the distributed electronic ledger system;
consensus mechanismmeans the set of rules and procedures by which consensus is reached;
cryptographic linkmeans a reference to data that is established using suitable cryptographic techniques to ensure the integrity, authenticity, or traceability of the referenced data and the correct sequence of data records;
distributed electronic ledgermeans an electronic ledger that is shared across a set of distributed electronic ledger nodes and which is synchronized between the distributed electronic ledger nodes using a consensus mechanism;
distributed electronic ledger networkmeans a network of distributed electronic ledger nodes which makes up a distributed electronic ledger system;
distributed electronic ledger nodemeans a device or process that is part of a distributed electronic ledger network and stores a complete or partial copy of the data records of an electronic ledger;
distributed electronic ledger systemmeans a system that implements a distributed electronic ledger;
finalitymeans the state of a data record of an electronic ledger wherein it has become irreversible and cannot be modified or removed;
governing rulesmeans the set of protocols, policies, and mechanisms that dictates how the distributed electronic ledger system operates, how data is validated and added to an electronic ledger, and how participants interact;
ledger reportmeans a structured presentation of verifiable information extracted from the data records of an electronic ledger, and providing insights into specific activities, states, or compliance with predefined rules;
provider of qualified electronic ledgermeans a qualified trust service provider that provides a qualified trust service consisting in the recording of data in a qualified electronic ledger.
qualified distributed electronic ledgermeans a distributed electronic ledger that meets the requirements of a qualified electronic ledger.
transactionmeans the smallest unit of a work process within an electronic ledger;
validated transactionmeans a transaction for which the required integrity, authenticity, and protocol-specific conditions have been checked in accordance with the governing rules of the distributed electronic ledger system;
work processmeans one or more sequences of actions required to produce an outcome that complies with governing rules of an electronic ledger;