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September 04, 2023

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What Is Data Tokenization and Why Is It Important?

What Is Data Tokenization and Why Is It Important? TL;DR Data tokenization is the process of converting sensitive data such as credit card information into tokens that can be securely transferred on the blockchain without revealing the original data. Data tokenization can enhance data security, privacy, and compliance while preventing unauthorized access and misuse. Data tokenization requires careful consideration and implementation to manage its benefits and drawbacks. What Is a Token? Commemoratives arenon-mineable digital units that live as registry entries in blockchains. Commemoratives come in numerous different forms and have multitudinous use cases. For case, they can be used as currencies or to render data. Commemoratives are generally issued using blockchains similar as the Ethereum blockchain and BNB Chain. Some popular commemorative norms include ERC- 20, ERC- 721, ERC- 1155, and BEP- 20. Commemoratives are transmittable units of value issued on top of a blockchain,

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