Token-based
Token-based refers to a system or mechanism that employs tokens as a means of authentication, authorization, or to represent ownership and rights to access certain features or services. This paradigm is frequently utilized in digital ecosystems, including cryptocurrencies and identity management systems, where cryptographic tokens serve as a fundamental component of security and user interaction.
Token-based meaning with examples
- The new application employs a token-based authentication method, allowing users to log in without needing to input passwords each time, enhancing both convenience and security.
- In the context of blockchain technology, token-based systems are used to facilitate transactions and interactions within decentralized networks, ensuring transparency and trust among users.
- The company's loyalty program transitioned to a token-based model, where customers earn tokens for purchases, which can be redeemed for discounts or exclusive offers, increasing customer engagement.
- During the conference, several experts spoke about the advantages of token-based identity verification processes that reduce fraud and enhance user privacy through cryptographic methods.
- Learning management systems have started to adopt token-based access controls, which enables educators to grant specific permissions to students based on their progress and performance in the course.