Introduction
In our digital economy, data has emerged as one of the most
valuable assets, driving decision-making, innovation, and economic
growth. Despite this, issues surrounding data ownership, security,
and monetization do present significant legal challenges.
Tokenization of data, the process of converting data right into
digital tokens on a blockchain, offers a transformative solution.
Hence, it is necessary to explore the tokenization of data, its
benefits, unique aspects, and the legal considerations
involved.
Why Data is Valuable
Data has grown in its economic significance, as it powers
artificial intelligence, enhances business strategies, and
influences financial markets. The ability to collect, store, and
analyse data has created industries dedicated to its exchange and
utilisation. However, data ownership and privacy concerns, coupled
with increasing regulatory scrutiny, require innovative solutions
to ensure secure and transparent data
