Glossary

Concept	Description
Asset	An asset is something, that has a value and can be exchanged (e.g. product, service, raw materials, commodity, currency, …). First the asset itself must be described properly, so that the customer knows what he is going to buy, what the terms are, and how he can claim/obtain the real good. He needs to know the expiry dates (think in this regard of non-durable goods such as fruits or goods, which have storage costs) and perhaps some restrictions.
CoreLedger	The name of our company, providing you the services within TEOS suite
End-users	CoreLedger provides its services to customers who own WLP. Users of your WLP's users are called end-users. WLP is customized to provide the possibility to them to buy your assets or redeem your assets.
Signing app	A smartphone app, to which the WLM Web app can push an unsigned transaction. The user can sign the transaction, which is subsequently broadcasted to the Ethereum network and will later appear in the WebGUI again. Also referred to as “TX.Mobile”.
Spark	Spark is the generalized term for the smallest indivisible fraction of a digital asset (like one Satoshi is for Bitcoin or one Wei is for Ether). The number of Sparks needed to get one unit of measure (kilogram, liter, token) is up to the user to decide.
UOM	UOM is the acronym for unit of measure. Every asset must have a unit of measure (e.g. kilogram, tons, liter etc.).
WLA	The White Label App (WLA) is a customizable mobile application, which serves as wallet as well as trading application to the end-users.
WLM	With the White Label Mangement Tool (WLM), business owners can create digital assets and manage sparks emission for them. After asset is created it can be used for purchasing and redeeming in WLP
WLP	The White Label Portal (WLP) is a customizable web application, which represents the bridge between fiat or physical goods and digital assets representing them within TEOS