SmartCard Marketing Systems Inc. (OTC:SMKG): Tokenization Market to Reach $13.23 billion by 2030.
The company SMKG highlights its Digital Asset Token and Crypto Issuing technology OriginatorX, NFTlimitedseries & Granularchain which are becoming vastly recognized with Financial Institutions and Enterprises as a Fast-Track to Market for Issuing, Managing Digital Asset Tokenization and Crypto Issuing.
Recent Industry News
According to a new market research report titled, 'Tokenization Market by Offering (Solutions and Services), Application (Payment Security, User Authentication, Compliance Management), Organization Size, End-use Industry (Retail, Healthcare, BFSI, Others), and Geography - Global Forecast to 2030', the tokenization market is expected to reach $13.23 billion by 2030, at a CAGR of 19.7% from 2023 to 2030 stats or growth digital tokenization
What is Tokenization: Tokenization is the process of exchanging sensitive data with some surrogate values or tokens. The token is a unique identifier that retains all the relevant information about the data without compromising its security. Tokenization helps improve enterprises' operational efficiency and enhances productivity. The proliferation of digital payment methods is expected to drive tokenization market growth.
As security breaches and threats have become more common in digital payments, businesses and consumers look for solutions to limit the exposure of risk and improve compliance obligations. Additionally, the decline in payment cards is increasing due to fraud and inaccurate or outdated information, resulting in loss of sales and poor customer experience. Thus, businesses are adopting network tokenization as one of the optimal payment solutions to overcome such barriers. Tokenization replaces the customer's primary account numbers (PANs) and other card details with a token and directly communicates with the issuing bank to verify the card's legitimacy, preventing card declines. According to Visa (U.S.), in November 2022, payment transactions using network tokens can reduce fraud by nearly 26% and have an average authorization rate increase of 2.2%. Thus, the rising adoption of different payment modes has accelerated the demand for tokenization solutions as secure payment processing facilitates the transfer of online payments, client data, and other sensitive information and protects against fraud and other security issues.
Massimo Barone CEO stated “With the combination of our portfolio - Granularchain, OriginatorX and NFT Limited Series for Blockchain and Crypto related use cases- we achieve different variants of Tokenization with respect to its application & security in the blockchain including Tokenization of Networks, Documents, Digital Assets, Utility, Governance, Payments and NFTs.”
Granularchain
A digital ID Key with a permission based onboarding and EKYC with Video Biometrics solution with two-level authenticate solutions on a permission based transaction architecture for Digital ID with Documents Vault.
Granularchain is a multi-link relationship management solution for Signature capture EKYC for the financial industry, which allows financial institutions and enterprises to create, issue and manage securely a QR engine-exchange for permission-based “invitation only” access of client profiles, documents, digital signatures, for corporate or individual users. Granularchain.com uses a blockchain token to create tamper-resistant encryption of data within the system.
Granularchain is our major entry point into Blockchain infrastructure.
OriginatorX
The platform underwrites the entire issuing, publishing and auditing process of the Digitization of Debt, Equity or Patents into Tokens or Crypto Coins. Delivers a powerful management and audit application to Issue Digital Tokens and streamlines them into the new global economy by way of SmartContract Auctions.
“Underwriting” refers to the process of compiling all company data, (e.g. corporate, legal, and management information, etc.) required to be collected and verified, and authorized for approval. This is the equivalent of a banking institution’s “KYC” process for a guaranteed debt note, whereby the issuer of the note must submit the data and structure of the product to be tokenized into a digital token. The offering of the token or digital debt / asset and valuation including the maximum supply and rules of engagement, also known as Tokenomics, must all be included as part of the underwriting process.
NFT Limited Series
NFT Limited series offers the unique ability to curate in sequence multiple NFTs, thus creating a limited series. NFT Limited Series is a new addition to SmartCard Marketing Systems Inc. (OTC: SMKG) Ecoverse - to Mint your NFTs
The platform also offers a virtual tour of the NFT marketplace allowing individuals to browse through the options, choose from the store & buy. Artists, Businesses or individuals can mint & display their products / services & NFT in the marketplace and place a bid option with a specified timeframe.
About SmartCard Marketing Systems Inc (OTCQB: SMKG):
SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry e-Commerce, Cloud and Mobility applications delivering White-Label solutions to the global PayTech and FinTech markets. SMKG is a boutique technology company, providing Business Intelligence and Digital Transformation Strategies with a proprietary portfolio of applications and wireframes for Banking, Enterprises and Retail e-Wallets offering Blockchain Protocols, Crypto Issuing, NFT Minting, Tokenization, Digital ID-eKYC, Digital Automation Strategies with “License to Own” marketplace applications.
For more info visit www.smartcardmarketingsystems.com
or visit our business applications marketplace at www.emphasispay.com
We seek a safe harbor.
For additional enquiries & Enterprise Program connect with:
Dharmesh Vora
President Enterprise Solution
SmartCard Marketing Systems Inc.
dvora@smartcardmarketingsystems.com
CEO, Massimo Barone
mbarone@smartcardmarketingsystems.com
SmartCard Marketing Systems Inc.
OTC:SMKG Ph: 1-844-843-7296
news@smartcardmarketingsystems.com