As debate rages over the future of Bitcoin, the so-called ‘smart’ money is now looking to other implementations for blockchain - the technology upon which cryptocurreny runs.  

If, like me, you’ve been following the blockchain and cryptocurrency headlines you will have come at least a passing reference to  ‘tokens’ and ‘tokenisation’.  

Described in the simplest English the concept is quite easy to grasp.  

Basically, tokenisation refers to the representation of a digital asset on a blockchain ledger.  

Put another way, it is the process of mirroring and unlocking ‘real world’ assets into a digital form. Once ‘tokenised’, assets are essentially exchangeable, via a blockchain-based system.  

It is, arguably, among the most fundamental aspects of blockchain. Indeed, cryptocurrency coins are themselves a type of tokens.