Commit 6f3cc945 authored by Rieks Joosten's avatar Rieks Joosten
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### Short Description
A **party** is an %%entity|entity%% that pursues %%objectives|objective%%, and has his own, subjective, 'Self-Sovereign' %%knowledge|knowledge%% to help it realize these objectives. Perhaps one might also say: that have a mind of their own. Typical examples are individual people and %%organizations|organization%%. Their minds (subjective knowledge) are what distinguishes one party from another, so every party is 1-1 related to its knowledge (mind).
### Purpose
It is in one's mind - with one's knowledge - that objectives are being set, strategies are being devised, decisions are being made and so on. Specifically, conducting %%business transactions|business-transaction%% requires making numerous decisions, each of which is based on a subjective argument. The evaluation of such an argument requires the acquisition and processing of data, which implies additional decisions (that provide assurances that evaluation will arrive at the right conclusion), such as establishing:
- which data is required,
- what conditions such data should satisfy in order to be %%valid|validated-data%% for performing in the evaluation,
- what sources may be trusted to provide data that is (sufficiently) true,
etcetera. For all of this, it is beneficial to introduce a concept that captures this idea of %%knowledge|knowledge%% or mind in terms of _the_ entity that has it at its disposition, governs it, and has it used to realize its %%objectoves|objective%%.
### Criterion
Entity that has knowledge about what exists, ways to reason[^1] with that knowledge, and ways for making decisions in a Self-Sovereign[^2] fashion.
%%Entity|entity%% that has %%knowledge|knowledge%% about what exists, ways to reason[^1] with that knowledge, and ways for making decisions in a Self-Sovereign[^2] fashion.
### Examples
People obviously qualify. Enterprises, governments, and other organizations also qualify as they can be seen as having their own knowledge (e.g. in their registrations, databases etc.), ways to reason with that knowledge (business rules, exercised by their employees or IT systems), and making decision.
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