Smart Contracts May Be an Opportunity for Auditors as They

question 11

True/False

Smart contracts may be an opportunity for auditors as they contain business rules.

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Definitions:

Trademark

A distinctive mark, motto, device, or implement that a manufacturer stamps, prints, or otherwise affixes to the goods it produces so that they may be identified on the market and their origins made known. Once a trademark is established (under the common law or through registration), the owner is entitled to its exclusive use.

Copyright Registration

The process of recording a copyright with the copyright office of a country, which provides legal benefits such as public record and legal evidence of copyright ownership.

Copyright

The exclusive right of authors to publish, print, or sell an intellectual production for a statutory period of time. A copyright has the same monopolistic nature as a patent or trademark, but it differs in that it applies exclusively to works of art, literature, and other works of authorship, including computer programs.

Business Processes

The series of activities or tasks that companies perform to create value, deliver products, or provide services.