Ideas in this flowchart

• Trusted institutions verify transactions and maintain financial records.
• Trusted institutions act as the responsible entities.
• Financial transactions are received for verification.
• Transaction details are collected.
• The institution examines the transaction details.
• The transaction is verified.
• The verification produces confirmed transaction information.
• Confirmed transaction information is prepared for recordkeeping.
• Financial records are created.
• Transaction information is entered into the financial records.
• The financial records are maintained.
• Record maintenance includes updating transaction information.
• The maintained records preserve transaction information.
• Trusted institutions continue maintaining the records.
• Transactions and financial records remain under institutional management.