Tokenisation of Digital Assets

Before moving on it is worth understanding what tokenization is.

Tokenizing something is actually very simple. It means storing a piece of data that represents something, whether it is text, an image, a document, a video, or a financial coin, and giving it an identifier that uniquely identifies that piece of information. It is that straightforward.

It is simply a recorded piece of data with an owner.

This data can represent many things such as something from the real world like a car or a house, something monetary like money, or something digital like a file, an image, a text, or a piece of digital art.

To tokenize something simply means transforming it into a digital piece of data and recording it in the blockchain. As a result it will have a unique identifier and an owner who can transfer ownership of that data through the blockchain.