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Blockchain technology

A digital record-keeping system shared across many computers, where information is secured using special codes and updated automatically for all participants.

Distributed Ledger Technology (DLT)

A digital system for recording transactions or data that is maintained across multiple computers without a central administrator, similar to blockchain.

Token

A transferable, digital item or value that represents information and is recorded on a blockchain or similar digital ledger.

Tokenization

The process of creating a digital token on a blockchain or distributed ledger to represent something, like an asset or piece of information.

Secretary of Commerce

The head of the U.S. Department of Commerce, responsible for promoting economic growth and job creation.

Decentralized Identity

A system where individuals or organizations manage their own digital identities without relying on a central authority.

Cryptography

The practice and study of secure communication techniques that allow only the sender and intended recipient of a message to view its contents.