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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.
FUTURE TRENDS#20
Emerging developments in blockchain technology that could influence its applications and solutions.
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.