Capital One has broadened the accessibility of its Databolt data tokenisation software, now available on platforms like Databricks and Snowflake. This technology replaces sensitive data with unsensitive substitutes (tokens), reducing the risk of data breaches while maintaining database relationships and application integrity. It is ideal for securing corporate data, particularly in AI training and ensuring compliance with data protection regulations. The analysis indicates that tokenised financial assets could significantly contribute to market capitalisation in the coming years, highlighting its growing importance in cybersecurity and operations.
"In data security, tokenisation replaces sensitive data with randomised, nonsensitive substitutes, called tokens, that have no traceable relationship back to the original data."
"Tokenisation is seen as an alternative to encryption, but is generally easier to integrate into existing IT systems."
"Data tokenisation... preserves the length and format of data. Data tokenisation also maintains database relationships."
"Analysis from McKinsey suggests that tokenised market capitalisation could reach around $2tn by 2030, driven by tokenisation of financial assets."
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