What is tokenization in blockchain?

Tokenization on Blockchain is a steady trend. It seems that everything is being tokenized on Blockchain from paintings, diamonds and company stocks to real estate. Thus, we took an asset, tokenized it and created its digital representation that lives on Blockchain. Blockchain guarantees that the ownership information is immutable. Unfortunately, some problems need to be solved before we can successfully tokenize real-world assets on Blockchain. Main problem stems from the fact that so far, no country has a solid regulation for cryptocurrency. For example, what happens if a company that handles tokenization sells the property? They have no legal rights on the property and thus are not protected by the law. Another problem is that this system brings us back some sort of centralization. The whole idea of Blockchain and especially smart contracts is to create a trustless environment. Tokenization is a method that converts a digital value into a digital token. Tokenization can be used as a method that converts rights to an asset into a digital token. The tokenization system can be implemented local to the data that is tokenized or in a centralized model. We will discuss trends in blockchain and tokenization and implementations that can provide scalability across hybrid cloud models. This session will also position different data protection techniques, use cases for blockchain, and protecting blockchain.