What does the term "Multi-party Systems” refer in blockchain?
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The term “multi-party” refers to the expression of two or more entities looking to have an interchange using some item of value. ... The IWA's view of multi-party is at that level, not a technology level.
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Gray: The IWA's use of the term multi-party is at the business level. The term “multi-party” refers to the expression of two or more entities looking to have an interchange using some item of value. ... But it could also involve traditional databases or other common resources like ERP and traditional business systems
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