What are some real-world examples of tokenization?
Tokenization is used in various fields. For instance, in finance, credit card numbers are tokenized to enhance security.
Can you give me more examples in different industries?
Sure! In healthcare, patient data is tokenized to protect sensitive information. In supply chain management, product IDs are tokenized for tracking.
How does tokenization improve security?
Tokenization replaces sensitive data with unique identifiers, reducing the risk of data breaches and fraud.
Are there any drawbacks to using tokenization?
Yes, tokenization can add complexity to systems and may require additional resources for implementation and management.
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