COLLABORATIVE PARTICIPANTS

Those in registered contract, who are working, transacting or exchanging _

Collaborative participants as a term specifies the two or more people whom are actively, mutually and autonomously engaged in the defining, formulating or execution of jointly agreed, individually encrypted and blockchain secured contract.

Collaborative participants are typically divided into: i) a purchaser; and ii) a seller, creator or provider. Collaborative participants typically consist of one recipient and one provider with the terms and functional requirements from the recipient as well as conditions or stipulations of the provider which may potentially still remain to be either defined or completed, in any physically tangible sense. Both types of collaborative participants are engaged in exchange for a specific, defined purpose which can be to realize their shared goal or an as yet to be achieved outcome.

Collaborative participant as a title is applied by NEST® to those undertaking preliminary exchange or communication around a shared concept and across to those who have successfully concluded registered contract. At all times members are necessarily acting on their own volition and individually, personally responsible for their real world activities including all results of their actions, however defined or executed.