Description
We explored the concept of Tokenization. Three important protocols discussed were Secure Multi-Party Computation (SMPC), Policy-Backed Token (PBT) and Open Asset Protocol (OAP).
Compare and contrast these three protocols and explain which industries can benefit the most from each of these protocols.
APA format,
Minimum of 2-3 pages
Plagarism free
Explanation & Answer
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Running Head: DISCUSSION
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Discussion
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Discussion
Many companies have recently focused on exploring the benefits the blockchain
emerging technology can bring to their businesses. Blockchain and tokenization are very crucial
in data sharing on computer networking and organizations can significantly rely on them (Jensen,
2019). Tokenization is a process that ensures sensitive data is secured by replacing them with a
token, that is, an algorithmically created number. Tokenization is widely used to prevent credit
card fraud, and therefore most financial institutions utilize it. The real bank account number is
protected using a token vault, and t...
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