The term SPOT stands for:
Single point of wuth
Single Point of Truth or SPoT
Is a term from data management for the source of truth, which denotes a universally valid data that claims to be free of errors. In addition, SPoT refers to a centralized data platform that is accessed by other systems to enable that modifications of data are automatically incorporated into other systems. A SPoT is one of the foundations for ensuring consistent master data within organizations and is often a goal pursued with the introduction of core banking systems. With the rise of distributed ledger systems (DLT), decentralized alternatives for implementing a SPoT have emerged, which may complement or even replace the centralized systems. An important functionality to achieve SPoT in distributed environments are consensus mechanisms.
More Abbreviatons