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Understanding Tokens, VDTs, and Web3 for Your Business

ChainIT uses modern Web3 technology to give your business secure, verifiable, and auditable digital records. To help you understand how it all works, here’s a simple breakdown of the key concepts.

What is a Token?

A token is a digital record that represents something of value on the blockchain. Tokens can represent assets (like a contract, invoice, or payment), rights (like access to an event), or identity (like an individual’s verified information). Think of tokens as secure, tamper-proof receipts that prove an action happened.

What is a VDT?

A Validated Data Token (VDT) is a special type of token used in the ChainIT ecosystem. Unlike general tokens, a VDT represents verified data about a business, individual, or transaction. Examples include:

  • An officer’s verified identity

  • A shareholder’s ownership percentage

  • A device registered to your organization

  • A payment or financial record

Because each VDT is minted (created) on the blockchain, it becomes immutable, traceable, and easy to audit.

What Does “Tokenize” Mean?

To tokenize means to convert real-world information into a secure digital token (like a VDT). For example:

  • When your business submits corporate documents, they are tokenized into VDTs.

  • When an ownership percentage is recorded, it is tokenized for permanent, auditable proof.

Tokenization turns complex, paper-based processes into secure, blockchain-backed digital workflows.


Why is Everything Minted?

When we say something is minted, it means it has been created as a permanent blockchain record. Minting ensures:

  • Security – Records cannot be changed without leaving a trail.

  • Transparency – Every action can be traced and verified.

  • Compliance – Regulators, auditors, or business partners can verify the record without manual backtracking.

 

What Does Web3 Do for My Business?

Web3 technology enables businesses by:

  • Streamlining compliance: Ownership records, attestations, and documents are verified and stored immutably.

  • Improving security: Blockchain-backed identity verification reduces fraud and tampering.

  • Enhancing collaboration: Multiple parties (owners, officers, shareholders, auditors) can interact with the same records with confidence.

  • Future-proofing operations: Tokenized records ensure your business is ready for evolving regulations and digital-first markets.