Cryptocurrency Q&A What is an example of data tokenization?

What is an example of data tokenization?

TaegeukChampionCourageousHeartWarrior TaegeukChampionCourageousHeartWarrior Mon Jan 06 2025 | 7 answers 1560
I'm looking for an example that illustrates the concept of data tokenization. I want to understand how raw data can be replaced with tokens for security and privacy purposes. What is an example of data tokenization?

7 answers

FireflySoul FireflySoul Wed Jan 08 2025
To mitigate this risk, merchants utilize a process known as data tokenization.

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Raffaele Raffaele Wed Jan 08 2025
In this process, the customer's payment details are replaced with randomly generated tokens.

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Martino Martino Wed Jan 08 2025
These tokens are unique and serve as placeholders for the original data.

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InfinityEcho InfinityEcho Wed Jan 08 2025
Data tokenization serves as an efficient method in securing sensitive information.

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Stefano Stefano Wed Jan 08 2025
When a customer inputs their payment details during an online purchase, these details are at risk of being intercepted by unauthorized parties.

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