# Glossary

<table><thead><tr><th width="150">Term</th><th width="426.57142857142856">Definition</th></tr></thead><tbody><tr><td>NFT</td><td>A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.</td></tr><tr><td>eKYC</td><td>eKYC is an online customer identification solution, allowing banks to overcome all geographical and time barriers to identify customers 100% online based on biometric information without face-to-face meetings are requirements as the current process.</td></tr><tr><td>Smart Contract</td><td>Smart Contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.</td></tr><tr><td>Blockchain</td><td><p>Blockchain is a block-chain technology that allows the transmission of data securely based on an extremely complex encryption system, similar to a company’s accounting ledger, where money is closely monitored and record all transactions on the peer-to-peer network. </p><p></p><p>Each block contains information about its creation time and is linked to the previous block, along with timecode and transaction data. Once the data is accepted by the network, there is no way to change it. Blockchain is designed to resist fraud and alteration of data</p></td></tr><tr><td>Dex</td><td>Dex is Decentralized Exchange operating based on Smart Contract.</td></tr></tbody></table>
