Glossary
A
Terms | Description |
|---|---|
| Account | A customer's or bank's account on DRM's shared ledger. An account is capable of holding (and may issue) only one asset. |
| Account metadata | Metadata associated with an account on DRM's shared ledger. |
| AccountSets | A list of account IDs referencing ledger accounts and their account meta data. AccountSets are "Documents" stored on the ledger. |
| Actions | Sends messages between ledger accounts. They look similar to transfers but don't contain an amount. Instead, Actions contain a payload, an arbitrary blob of bytes. |
| Alias | A record which links a user to a portfolio. An alias can have a type of username, email, or phone number. |
| ALM | Anti-Money Laundering. |
| Asset | Describes a type of financial asset that can be traded and settled. Examples of assets include cash (USD, CAD, etc.) and stock options. |
C
Terms | Description |
|---|---|
| CTF | Counter-Terrorism Financing. |
D
Terms | Description |
|---|---|
| Documents | Stores metadata about an object on the ledger. The structure of a Document is pre-defined. |
F
Terms | Description |
|---|---|
| Freeze account | Disable an account to participate in transactions. |
H
Terms | Description |
|---|---|
| Holding account | A ledger account which is capable of holding a balance of an asset. |
I
Terms | Description |
|---|---|
| Issuance account | A ledger account which has an issued balance and a holding balance. The issued balance is negative and reflects the amount issued |
| Issuer | Regulated financial institution that can create digital assets. |
K
Terms | Description |
|---|---|
| KYB | Know Your Business. The process used by financial institutions and other regulated businesses to verify the identity of their business clients. |
| KYC | Know Your Customer. The process used by financial institutions and other regulated businesses to verify the identity of their individual clients. |
L
Terms | Description |
|---|---|
| Ledger | DRM's shared hierarchical ledger. Each ledger handles one asset. The ledger is shared across all banks in the DRM network; however, a bank can |
M
Terms | Description |
|---|---|
| M0 money | The most liquid measure of the money supply. Issued by central banks. |
| M1 money | M0 plus demand deposits. Issued by commercial banks. |
O
Terms | Description |
|---|---|
| Observations | An event stream from objects in the system. For instance, observe transfers on specific accounts to be notified of every transfer on those accounts. |
P
Terms | Description |
|---|---|
| Private key | The secret part of a cryptographic key-pair. Should not be shared and must be stored securely. |
| Public key | The non-secret part of cryptographic key-pair. Can be shared freely. |
S
Terms | Description |
|---|---|
| Sanctioned | Individuals that are prohibited to send and/or receive money. |
| Smart contract | Application that handles complex use cases such as conditional payments. A digital agreement written in code, agreed by two or more counterparties. |
U
Terms | Description |
|---|---|
| User | A record containing the user's personal information such as name and system preferences. |