Glossary
Admission Policy | Definition |
---|---|
Admission Policy | |
AML | Anti Money Laundering. |
Attestation | A claim in the form of an EIP-712. |
Attribute | Attributes are data points which preserve the user’s anonymity by being part of a set, e.g. age > 21 or credit score between 800-850. |
Base Rule | |
CFT | Countering the Financing of Terrorism. |
Credential | On-chain representation of a Wallet meeting PolicyID requirements, at a given time (timestamp). |
DeFi | Decentralised Finance. |
Genesis Rule | The RuleRegistry creates two Base Rules during initialization.
The UniverseRule and EmptyRule are complements. |
KYB | Know Your Business. |
KYC | Know Your Customer. |
KYW | Know Your Wallet. |
Operators | Logic linking baseRules together into Rules: |
PII | Personal Identifiable Information. |
Policy Owner | |
Programme | Custom onboarding flow based on a user's risk profile, as defined by the Policy Owner. |
Risk Matrix | Risk framework populated by the Policy Owner which defines the criteria to pass or fail validation under the Rule. The Policy Owner can define red flags to prevent access and/or assign risk scores to attributes to make the decision process as quantitative as possible. |
Rule | |
SAR | Suspicious Activity Report. |
TradFi | Traditional Finance (in contrast with blockchain-based finance). |
User | Also designated as End-User. Individual or company using the Keyring product (see Terms and Conditions for more definitions). |
Zero-knowledge proof | Proving facts without revealing the underlying information. Keyring leverages the GROTH16 proof protocol. |
Merkle Proof | Merkle Proofs, on their own, require that user reveals data. They can prove “apple” is in the set of known fruit, but they can’t do it without saying “apple”. Our zero-knowledge proving scheme ingests a Merkle Proof, so we get something like “I’m working with one of the known fruits, and I can prove it, but I won’t tell you which one”. More on point, “My identity commitment exists in the set of known ones” but I won’t tell you which identity commitment I’m working with. |
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