What is Tokenization? Where is it Used?

Tokenization, or in other words, the process of transforming sensitive data into unique tokens without any meaningful value, is one of the data security and privacy methods used to protect sensitive information against unauthorized access. While tokenization plays a vital role in areas such as blockchain technology and cryptocurrencies, the term “token” carries a slightly different meaning in this context.  What is Tokenization? So, what exactly is tokenization? It works by replacing sensitive data with randomly generated tokens. These tokens are usually alphanumeric strings and are stored in a secure database or token pool. The match related to the original data is preserved in the tokenization system. When the original data is needed, the token is used to retrieve information from the secure database.  Tokenization offers many advantages in data security. First, since tokens are meaningless, they reduce the risk of sensitive information being exposed, and it becomes impossible to […] The post What is Tokenization? Where is it Used? appeared first on COINTURK NEWS.