The way we think about data is changing, with a shift towards viewing it as a public good rather than a commodity to be mined and sold. This shift towards digitization, driven in part by the rise of blockchain technology, is particularly evident in the payments industry. Digitization offers a more secure way to process transactions, with the decentralization and tamper-proof nature of blockchain making it a trusted platform for a range of activities, including investing in NFTs, e-retail purchases, and crypto betting. While tokenization also has its advantages, such as creating unique identifiers for tracking and managing data and making it harder to duplicate or tamper with, digitization offers more efficient processes and can help with compliance with industry regulations. As the world becomes increasingly digitized, it is important to understand the difference between tokenization and digitization and the role they play in our digital lives.

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Filed under: Bitcoin - @ December 22, 2022 10:25 am