What is Tokenization? Tokenization protects sensitive data by substituting non-sensitive data. Tokenization creates an unrecognizable tokenized form of the data that maintains the format of the source data. For example, a credit card number (1234-5678-1234-5678) when tokenized (2754-7529-6654-1987...
In general, tokenization is the process of issuing a digital, unique, and anonymous representation of a real thing. In Web3 applications, the token is used on a (typically private)blockchain, which allows the token to be utilized within specific protocols. Tokens can represent assets, including...
Tokenization is used in computer science, where it plays a large part in the process of lexical analysis. In the crypto world, tokenization’s modern roots trace back to blockchain technology and standards like Ethereum’s ERC-20 and ERC-721, which standardized interoperable tokens. Initially, ...
Tokenization has existed since the beginning of early currency systems, with coin tokens long being used as a replacement for actual coins and banknotes. Subway tokens and casino tokens are examples of this, as they serve as substitutes for actual money. This is physical tokenization, but the co...
Tokenization without a vault is also possible. Rather than storing sensitive information in a secure database, vaultless tokenization uses an encryption algorithm to generate a token from the sensitive data. The same algorithm can be used to reverse the process, turning the token back into the or...
It's worth noting that while our discussion centers on tokenization in the context of language processing, the term "tokenization" is also used in the realms of security and privacy, particularly in data protection practices like credit card tokenization. In such scenarios, sensitive data elements ...
Tokenization is the procedure that creates randomized tokens (individual words, phrases, or complete sentences) for use in other applications, such as data mining. Tokenization is an important aspect of business and data transactions because it essentially renders private customer information meaningless ...
What is tokenization? In simple terms, tokenization converts sensitive data—likepersonally identifiable information (PII)or a credit card primary account number (PAN)—into a string of unique, random numeric or alphanumeric units called tokens. ...
And if we do so successfully, we’ll change the ways in which we exchange assets… Why Is Tokenization So Important? Tokenization is important for one huge reason:Our current assets system is confusing. In our world, hundreds of assets exist. There is oil, real estate, stocks, and gold ...
Tokenization is becoming an increasingly popular way to protect data, and can play a vital role in a data privacy protection solution. OpenText™ Cybersecurity is here to help secure sensitive business data using OpenText™ Voltage™ SecureData, which provides a variety of tokenization methods ...