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In information system and information technology, trust management is an abstract system that processes symbolic representations of social trust, usually to aid automated decision-making process. Such representations, e.g. in a form of cryptographic credentials, can link the abstract system of trust management with results of trust assessment.
A trust-based decision in a specific domain is a multi-stage process. The first step of this process consists in identifying and selecting the proper input data, that is, the trust evidence. In general, these are domain-specific and are derived from an analysis conducted over the application involved.
Trust management may refer to: Trust management (information system), an abstract system that processes symbolic representations of social trust; Trust management (managerial science) the management of trusts, whereby property is held by one party for the benefit of another
Taking these two aspects together, the following definition of trust management can be formulated: [1] “The activities of creating systems and methods that allow relying parties to: 1. Make assessments and decisions regarding the dependability of potential transactions involving risk 2.
A distributed ledger (also called a shared ledger or distributed ledger technology or DLT) is a system whereby replicated, shared, and synchronized digital data is geographically spread (distributed) across many sites, countries, or institutions. [1]
Distributed management is a management method for people to work together over the web to accomplish desired goals. Management activities are distributed through the people doing the work. Management activities are distributed through the people doing the work.
A reputation system is a program or algorithm that allow users of an online community to rate each other in order to build trust through reputation.Some common uses of these systems can be found on E-commerce websites such as eBay, Amazon.com, and Etsy as well as online advice communities such as Stack Exchange. [1]
A distributed database is a database in which data is stored across different physical locations. [1] It may be stored in multiple computers located in the same physical location (e.g. a data centre); or maybe dispersed over a network of interconnected computers.