What Is Tokenization (And Why You Need It)

🔐 What Is Tokenization? With regard to data security, tokenization refers to the process of securing sensitive data by substituting valuable elements with non valuable equivalents known as tokens. Tokens serve merely as a reference to the original item or currency and provide value only within an authorized, isolated ecosystem that validates its purpose.
The constant threat of cyber attacks and fraud has made both personal and financial data extremely susceptible to exploitation. Thankfully, tokenization converts sensitive data to digital tokens that have little or no value outside a specific digital ecosystem.
🪙 Once all elements have been tokenized, there’s no distinguishable relationship between the original information and its tokenized results which provides excellent security to data that’s stored or “at rest.”
Integrating tokenization into credit card processing provides substantial protection to consumers and businesses alike, by yielding only unusable tokens to hackers. This forces fraudsters to go elsewhere to seek valuable digital assets like credit card numbers and social security numbers.
⏱️ TimeStamps:
0:15 What is Tokenization?
0:49 Tokenized Data vs. Non-Tokenized Data
2:14 Recap
Other helpful blogs:
➡️ Credit Card Data Encryption vs. Tokenization
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➡️ What is Credit Card Tokenization?
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#tokenization #paymentprocessing #paymentprocessor #creditcardprocessing #pcicompliance #whatistokenizaion #encryption #datasecurity #datatokenization

[@IndieRockCrypto]

Great part of the whole concept

[@solanaprofit]

The visuals you used in this video made it even better!

[@SIMARJEETMEHTA]

What did I miss? If the store can be hacked but the cloud can't, then the store can rent storage in the cloud and store the credit card numbers there. Now they won't be hacked easily. How do tokens help in your example? Please clarify.

[@julianaschweikle7598]

What tokenization project are you buying or holding please. Thanks for the video.

[@mountain5608]

So then what does encryption solve for, is it more for providing security for data in transit?

[@BrutusMayer]

You're doing a fantastic job! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?

[@johnmarquez8556]

Scammer

[@julesblangypro4092]

Thank you so much ur a life saver!!

[@leilamontazeri7022]

I always sincerely Thanks for your efforts every things 💐💝🧚🏻❤️🧚🏻‍♀️

[@ibrahimgambo4904]

gud explanations

[@exportintlexp6873]

#TXTM
Tribe

[@geraldodom5566]

I still don't have a clue as to what you're talking about. Plus, you talk so fast, I can't keep up.

[@stanleydmello5758]

Very very very confusing

[@rashedkhanmelon2453]

Thanks man