# What is IVMS101?

> IVMS101 is a standard that helps a shared understanding of the data structures used in Travel Rule data sharing.

Canonical: https://legichain.com/en/resources/what-is-ivms101

IVMS101 is a standard that helps a shared understanding of the data structures used in Travel Rule data sharing. A data model is, on its own, neither a communication protocol nor a legal compliance outcome.

## The role of the data model

Expressing party information in consistent fields makes interpretation between systems easier. The existence of a field does not mean its content has been verified.

## How it differs from a protocol

How the data is transported, how the counterparty is found and how error cases are handled are separate integration topics. A provider saying "IVMS101" does not mean it connects to every network.

## Implementation assessment

Check the version used, the interpretation of mandatory fields, validation rules and the exception flow against the technical documentation.

> This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.

**See the related product scope** → [Crypto-asset platforms solution](https://legichain.com/en/solutions/crypto-exchanges)

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