Glossary of Terms
Digital Coupons: Also known as e-coupons (electronic coupons), discount vouchers or promo codes, which are digital versions of paper coupons. Merchants use them as a digital marketing tool to provide customers with discounts or gifts which in turn can help them to attract a purchase.
Deals: Many consumers prefer e-commerce storesthem to physical retail stores thanks to better and more popular deals and discounts. They are also known as Deal Marketplace, which allows the marketplace sellers to add a daily, monthly, or time-specific deal to their products.
DLT: Also known as Shared Ledger or Distributed Ledger Technology. This is actually a decentralized database that is controlled/managed by multiple participantsacross multiple DLT nodes. Distributed ledgers are often known as Blockchains. Blockchain is a type of DLT where the transactions are recorded with an immutable cryptographic signature called a hash.
Smart Contract: A peer-to-peer consensus between two or more different entities on a Blockchain network which must follow the set of pre-defined rules agreed upon as part of the legal consensus or agreement. In other words, it is a computer program or a transactional protocol that can be used to automatically execute, control or document legally relevant events and actions.
Hyperledger Fabric: An Enterprise Blockchain DLT that uses a private or permissioned Smart Contract between two or more entities. It is open-source and supported by the Linux Foundation. It has a highly modular and versatile architecture that satisfies a broad range of industry use cases. It offers plug-and-play features such as delineation of roles between the nodes in the infrastructure, execution of Smart Contracts (also known as “chaincode" in fabric terms), and configurable consensus and membership services.