1 / 6

What is Token in Tokenization_

At BlockchainX tech, we help startups, medium-sized enterprises, and large-sized businesses by providing end-to-end blockchain development services such as token creation, token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your cryptocurrency launch process will also be one of a kind. Our blockchain experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding.

kishore10
Download Presentation

What is Token in Tokenization_

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What is Token in Tokenization?

  2. What is tokenization? A token itself does not have any value or meaning, it is a reference or identifier that, thanks to the tokenization system, allows you to return to sensitive data. Token Migration Platform Development is used to prevent data theft in bank card transactions. Tokenization is not just a buzzword in the digital payments industry. With the multiplication of payment methods available , it is vital to add an additional layer of security to protect sensitive credit card data.

  3. How does tokenization work? Payment tokenization creates a random and secure ID, which makes no sense outside the system. If the user sends his data again, Blockchainx the token will be different. Tokens are generated in real time and used in predefined environments or domains. For example, the same card generates a token for use within a specific environment, and another for e-commerce transactions. Tokenization does not slow down the payment process as the tokens are generated in real time.

  4. The basic tokenization process occurs as follows: • At the time of checkout, the buyer enters their card details in the payment form provided by the payment gateway . • The card data is collected by the payment gateway that transmits it to the server within the iframe, and returns a token to the client. An iframe allows you to include part of a website belonging to another domain and guarantees the security of the user who enters their data. • The tokenization server sends a response and the token is sent to the seller’s payment system. • The seller processes the payment with the token that represents the bank details of the buyer. • At MONEI, we include tokenization in all our plans .

  5. We offer two types of tokens: Single Use Token — This is a token used to complete a payment. The user enters their bank details in the form and we convert this data into a temporary token, only valid for one transaction and with a lifespan of five days. Payment Token- You can request a permanent token thanks to our API. When the transaction is complete, you will receive the token in response, which represents the buyer’s bank details. It does not expire and is not linked to a specific transaction, and will allow the user not to have to enter their data again for future transactions.

  6. COMPANY BLOCKCHAINX WEBSITE https://www.blockchainx.tech/token-migration https://www.blockchainx.tech/ E-MAIL contact@blockchainx.tech THANK YOU

More Related