Vertical industries Definitions

  • E

    e-commerce (electronic commerce or EC)

    Electronic commerce, or e-commerce, is the transmission of funds or data via the iInternet or another electronic network to facilitate business processes such as the purchase/sales of goods and services. These e-commerce activities include transactions between businesses, businesses and consumers, and between individual consumers.

  • L

    labor automation

    Labor automation refers to the use of technology to perform specific tasks or jobs traditionally done by humans. As artificial intelligence and machine learning become integral to labor automation, experts believe entire jobs, not just specific tasks, will be automated.

  • M

    multisig (multisignature)

    Multisig, also referred to as multi-signature, describes the requirement of obtaining two or more signatures to authorize or execute a transaction. The term often refers to its application within Bitcoin cybercurrency and comparable electronic transactions.

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