What is Tokenization?

📲The modern economy has long been based on tokenization.
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Paying for goods over the Internet would be much riskier if it weren’t for tokenization.
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💳 For example, confidential credit card data is converted into a digital token that is useless to hackers but is used by banks to complete a payment.
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Thus, tokenization is simply the process of replacing confidential value (money, shares, credit card numbers, medical records, etc.) with a token corresponding to this value. Despite not having an independent value, the token makes their management easier and safer.
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🤷🏼‍♀️‍It turns out that people have been using tokens on daily basis for a long time but the true potential of tokenization is being revealed only now — due to the influence of the blockchain.

⛓Blockchain allows for the secure tokenization of a large range of real assets and businesses and provides benefits for a wide variety of industries, such as the arts, healthcare, logistics, unmanned delivery services, retail and wholesale businesses, small businesses and “transparent” partner programs.
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The cryptocurrency token itself is a confidential value, convenient to own, manage and trade. At the same time, it belongs exclusively to its owner.
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🗣We believe that tokenization processes are inevitable and in the end, if the business does not start this process itself, customers and investors who want transparency and honesty will demand it or prefer those who are tokenized.
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What are the problems with tokenization?
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There are few examples of of tokenization use which means that the market remains untested, but on the other hand, this is an advantage for those who will be the first in their niche.
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More hands-on experience is needed to bring protocols to standardization and address compatibility and implementation issues.
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🤝Therefore, the faster we move to practical implementation, the faster the current problems of tokenization will be solved!