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BLOCKCHAIN#1

A decentralized digital ledger that records transactions across many computers securely and transparently.

SMART CONTRACT#2

Self-executing contracts with the terms directly written into code, automatically enforcing agreements.

DECENTRALIZATION#3

The distribution of authority and control away from a central entity, enhancing security and transparency.

PROTOTYPING#4

The process of creating a preliminary model of a blockchain solution to test its feasibility and functionality.

IMPLEMENTATION PLAN#5

A detailed strategy outlining the steps needed to execute a blockchain solution effectively.

SUPPLY CHAIN TRANSPARENCY#6

Visibility into the supply chain processes, enabled by blockchain to track products from origin to consumer.

DIGITAL IDENTITY#7

An online representation of an individual or entity, secured and verified using blockchain technology.

STAKEHOLDER ENGAGEMENT#8

The process of involving individuals or groups that have an interest in the blockchain solution throughout its lifecycle.

TECHNICAL ARCHITECTURE#9

The structural design of a blockchain solution, detailing its components and their interactions.

USER PERSONAS#10

Fictional characters representing target users, helping to tailor blockchain solutions to meet their needs.

SCALABILITY#11

The capacity of a blockchain solution to handle increased loads or transactions without performance loss.

RISK ASSESSMENT#12

The process of identifying and analyzing potential issues that could impact the blockchain project's success.

MINIMUM VIABLE PRODUCT (MVP)#13

A basic version of a blockchain solution that includes only essential features for initial testing.

KEY PERFORMANCE INDICATORS (KPIs)#14

Metrics used to evaluate the success of a blockchain implementation against its goals.

FEASIBILITY ANALYSIS#15

An evaluation of the practicality and potential success of implementing a blockchain solution.

REGULATORY CONSIDERATIONS#16

Legal and compliance factors that must be addressed when implementing blockchain solutions.

INDUSTRY STANDARDS#17

Established norms and criteria that blockchain solutions should meet to ensure quality and interoperability.

USER TESTING#18

Evaluating a blockchain prototype by real users to gather feedback and improve the solution.

ENGAGEMENT STRATEGIES#19

Methods used to involve stakeholders effectively and ensure their needs are met throughout the project.

ROADMAP#21

A strategic plan outlining the steps and timeline for developing and enhancing a blockchain solution.

COMMUNICATION PLAN#22

A strategy for sharing information with stakeholders throughout the blockchain project's lifecycle.

ITERATION#23

The process of refining and improving a blockchain solution based on user feedback and testing.

PROBLEM STATEMENT#24

A clear description of the issue that the blockchain solution aims to address.

TECHNOLOGY STACK#25

The combination of programming languages, frameworks, and tools used to develop a blockchain solution.

BLOCKCHAIN NODES#26

Individual computers that participate in the blockchain network, validating and recording transactions.