What’s a token?

Tokens are a versatile new form of value that can facilitate seamless transactions within a given usage domain such as commerce. A token typically only exists digitally and is governed by a blockchain. Tokens are secured through encryption and represent a type of value. Versatile and programmable, tokens exhibit features that can be useful in the machine-to-machine economy. As the reach of automation and digitalization extends further across the automotive industry and vehicles gain autonomy, the role and importance of a token as a form of exchange is destined to rise.

Experts on this topic

Dele Atanda

Dele Atanda
Chief Digital Officer, Automotive,
Aerospace and Defense, IBM iX

Stanley Yong

Stanley Yong
Global Lead on Central Bank DC Solutions
IBM Global Markets - Cloud Sales

Shyam Duraiswami

Shyam Duraiswami
Enterprise Architect - Digital Consultant in Automotive, Aerospace and Defense
IBM Services

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IBV contact

Ben Stanley

Ben Stanley
Automotive Research Lead-
Institute for Business Value, IBM Global Services

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