The process of converting real-world assets into digital tokens on a blockchain is called ________.
- OECD / UNESCO
- Tree / Acyclic Graph
- Tokenization
- DigiLocker
Answer: Tokenization
Tokenization represents ownership of physical/digital assets (real estate, art, commodities) as blockchain tokens, enabling fractional ownership, instant settlement, and global liquidity. Requires legal frameworks and oracle services for real-world data. Pilots in India for land records, supply chain, and financial assets. Important for fintech innovation questions.