/Channel/Application/Readers</cite> refers to the policy which must be satisfied for
the associated transaction to be considered valid.</p>
<p>For a deeper dive into ACLS, refer to the topic in the Operations Guide on [ACLs](../access_control.html).</p>
<p>### Smart contract endorsement policies</p>
<p>Every smart contract inside a chaincode package has an endorsement policy that
specifies how many peers belonging to different channel members need to execute
and validate a transaction against a given smart 