Definitions

In this title: (1) Advisory Committee The term Advisory Committee means the National Blockchain Deployment Advisory Committee established pursuant to section 503(c). (2) Blockchain technology or other distributed ledger technology The term blockchain technology or other distributed ledger technology means a distributed digital database where data is— (A) shared across a network of computers to create a ledger of verified information among network participants; (B) linked using cryptography to maintain the integrity of the ledger and to execute other functions; and (C) distributed among network participants in an automated fashion to concurrently update network participants on the state of the ledger and other functions. (3) Covered nongovernmental representative The term covered nongovernmental representative means a representative as specified in the second sentence of section 135(b)(1) of the Trade Act of 1974 (19 U.S.C. 2155(b)(1)), except that such term does not include a representative of a non-Federal government. (4) Secretary The term Secretary means the Secretary of Commerce. (5) State The term State means each of the several States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe. (6) Token The term token means a transferable, digital representation of information recorded on blockchain technology or other distributed ledger technology. (7) Tokenization The term tokenization means the process of creating a token.