- 01 Nov 2021
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Key Concepts & Definition
- Updated on 01 Nov 2021
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Asset
An Asset is any tangible or intangible object which a user wants to track or trace
Attribute
An Attribute defines one of the characteristics of an Asset
Asset Category
An Asset Category is a logical collection of Attributes
Asset Profile
An Asset Profile defines the characteristics of an Asset so it can be uniquely identified and is composed of the Attributes from an Asset Category.
Master Table
Master Table is a logical collection of data in a tabular format that can be looked up by the smart logic in real-time.
Business Automation
Various of the Participant' activities can be automated using the self-serve portal.
Smart Logic
Smart Logic is an automated way to achieve a business solution by evaluating or calculating two or more business condition or value.
Business Workflow
Business Workflow enforces a contract between/among the organizations or departments of an organization and defines the path an Asset can take during its lifecycle.
Disputes
If the Participant observes any discrepancy on any value of the Attribute then the Participant can raise a dispute at any time during the lifecycle of the Business Workflow.
Any dispute raised by the Participant will get listed on the self-serve portal of the Auditor/Monitor which he/she will be able to resolve after taking appropriate action.