Terms and Definitions

Bitbon System

means an integral blockchain[i]-based decentralized information system, which allows its Users[i] to fully own their Assets[i], i.e. to record their property right to Assets in the form of their unique digital copies by completing the Asset Digitization Procedure[i] in order to implement accounting and management as well as safe and equal exchange of the given Assets between the Bitbon System Users without intermediaries and money. The key component of the Bitbon System is Bitbon[i].