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#ChatLiner: What is tokenization in blockchain?
#Blockchain definition
Blockchain is a decentralized database that is shared and synchronized among the nodes of a computer network and operates without the need for a central authority.
Data stored on the blockchain is virtually immutable, irreplaceable, irrevocable and available for validation at all times. The transfer of data over the blockchain network is called a transaction. A file that contains data related to a transaction is called a transaction file.
The ChatLiner app allows authentic digital assets to be tokenized and securely hosted on a custom blockchain network.
As a high-performance technology solution, blockchain is a safe haven for storing and sharing sensitive information and other data that requires authentication.
#Recommended articles
>> Introduction To Blockchain Technology
>> How To Protect Blockchain Data From Unauthorized Access
>> Digital Chip Card Technology (DCCT)
>> Send Digital Telegrams Over The Blockchain Network
>> Smart Contracts
#What is tokenization in blockchain?
Blockchain tokenization is the process of converting an actual physical or digital asset into a digital token that is stored on the blockchain.
A blockchain token is a digital representation of an authentic real-world asset, whether physical or digital, tangible or intangible, such as traded commodities, gold, real estate, artwork, ownership rights, digital art, license agreements, loan applications, and more.
#What are the benefits of tokenization in blockchain?
Tokenization allows parties to maximize the benefits of the blockchain ecosystem, such as efficiency, reliability, transparency, trust, security, saving time and resources, as well as minimizing the possibility of counterfeiting and abuse.
The tokenization process refers to the minting of an authentic digital asset and necessarily precedes the execution of a smart contract.
Further, a smart contract allows us to initiate, monitor, and complete a transaction on the blockchain where the tokenized asset is actually stored.
#ChatLiner presents the streamlined blockchain platform with end-to-end encryption
#DCCT Network is a blockchain system with up to three devices connected to a common peer-to-peer (P2P) computer network.
Designed to host authentic digital assets, it is able to verify data in a way that is completely free from external scrutiny or influence.
Transactions over the network are carried out by exchanging electronic messages in the form of digital telegrams.
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