Top 5 Compelling Use Cases of Tokenization
Introduction While launching any token-related business, there are a few things to consider. Use cases of Tokenization are one of them. However, as an entrepreneur, you'll need to grasp the benefits of your business as well as the workflow before implementing it. For this, we've posted an article about Tokenization's use cases, benefits, workflow, and a bonus add-on solution that can help you! Let's get into the post right away! What is Tokenization? Tokenization is the process of transforming sensitive data into nonsensitive "tokens" that can be used in a database or internal system without exposing it to the public. Although the tokens are unrelated values, they retain certain properties of the original data, such as length and format, allowing them to be used without interruption in business operations. After then, the original sensitive data is safely stored outside of the company's systems. How Does The Tokenization Process Work? The process of token...