Top Tokenization Platforms in 2023: A Comparative Analysis

Karolina

22 Jun 2023
Top Tokenization Platforms in 2023: A Comparative Analysis

Tokenization has emerged as a groundbreaking innovation that leverages blockchain technology to transform traditional assets into digital tokens. By representing real-world assets digitally, tokenization provides new avenues for liquidity, fractional ownership, and global accessibility. In 2023, the adoption of tokenization platforms has reached new heights, enabling businesses to harness the power of blockchain, AI, and cryptocurrencies to create customized software solutions.

Choosing the right tokenization platform is crucial for businesses seeking to unlock the full potential of this technology. In this article, we will conduct a comparative analysis of the top tokenization platforms in 2023. By examining their features, achievements, and capabilities, we aim to provide valuable insights to businesses looking to embark on a tokenization journey.

Tokenization opens doors to a wide range of possibilities, including fundraising for new projects, crowdfunding companies, increasing the accessibility of real estate investments, democratizing art investments, and tokenizing various assets of economic value. As we delve into the comparative analysis of the top tokenization platforms, we will also highlight the benefits and opportunities presented by each platform's features and functionalities.

Top Tokenization Platforms

Nextrope Tokenization Platform

Nextrope Tokenization Platform is a reliable and innovative solution for tokenization. As a White Label Software-as-a-Service (SaaS) model, Nextrope Launchpad Platform assists businesses in launching their projects within a month and raising funds through Initial Coin Offerings (ICOs) or Security Token Offerings (STOs). Nextrope has been actively supporting tokenization since 2019, with a successful track record of completing eight tokenization projects. Through their platform, Nextrope has secured over $40 million USD in funding for their clients.

Key Highlights

  • Tokenize Everything with Nextrope Launchpad: Nextrope's platform allows businesses to participate in the broad financial market of digital assets, expanding their reach and finding investors globally.
  • Accessible and Inclusive Fundraising: Tokenization offers the most accessible and inclusive form of fundraising on the market, with fewer formal requirements compared to bank loans, crowdfunding, and initial public offerings (IPOs). It provides businesses with exposure to global investors.
  • Tokenize New Projects: Nextrope enables businesses to raise funding for new projects, providing quick access to capital when needed.
  • Tokenize Companies: Utilize the power of blockchain technology to crowdfund your company. Nextrope's platform offers immediate access to global markets, increased speed, reduced red tape, and more.
  • Tokenize Real Estate: Nextrope allows businesses to make their real estate more accessible to investors by tokenizing buildings and enabling partial ownership, thereby increasing the investor pool.
  • Tokenize Art: Through Nextrope's platform, businesses can make art investments available to a broad number of investors, fostering inclusivity in the investment landscape.
  • Tokenize Assets: Nextrope harnesses the potential of blockchain technology to digitize and tokenize virtually any object of economic exchange, providing businesses with a versatile solution for tokenizing various types of assets.

Nextrope Launchpad Features

  • Transaction Systems: Nextrope's platform facilitates the deployment of secure and fast payment solutions, offering clients and their customers convenient and trusted tools for payments.
  • Custom Digital Wallet: Nextrope provides a customized digital wallet solution for seamless token storage, transfer, and management.
  • API Development: Nextrope offers API development services, enabling businesses to integrate their tokenization platform with other applications and systems.
  • Financial Management Solutions: The platform includes financial management tools to streamline accounting, reporting, and compliance processes.
  • Cloud FinTech Solutions: Nextrope offers cloud-based FinTech solutions, providing scalability, reliability, and accessibility for businesses operating in the digital asset market.
  • Transaction Automation: Nextrope's platform automates token transactions, enhancing efficiency and reducing manual intervention.
  • Databases and DevOps: The platform includes robust databases and DevOps support, ensuring secure and efficient data management for businesses.
  • Tokenization Development: Nextrope specializes in token development, leveraging their expertise to create customized tokens that meet specific business requirements.

For Token Issuers

  • Adjustable KYC Process: Nextrope's platform offers an adjustable KYC process that balances compliance with user experience, making it easier for token issuers to onboard investors.
  • Token Development: Nextrope's experienced team assists in the development of customized tokens for businesses, aligning them with their specific requirements.
  • Integration with AML Scoring System: Nextrope integrates with an Anti-Money Laundering (AML) scoring system, providing administrators with instant AML information about registered clients.
  • Flexible Token Management: The platform supports flexible token management, including token vesting and instant token transfers, allowing issuers to define single or multiple rounds of ICOs with progressive token prices.
  • Automatic Token Management: Nextrope's platform automates the token distribution process, sending tokens to customers once they make the payment.
  • Investment Meter: Token issuers can showcase the amount of capital raised on the main page, instilling confidence in potential investors.
  • Admin Account: Nextrope provides token issuers with an admin account that includes features such as a registered investors list, KYC waiting list, and comprehensive investor management capabilities.

Fireblocks Tokenization Engine

Fireblocks Tokenization Engine is a powerful platform that simplifies the process of tokenization, providing businesses with the tools they need to create and manage stablecoins and security tokens securely. The platform offers a comprehensive suite of features to facilitate the full lifecycle of tokenization, including minting, burning, and secure token transfer.

One of the key strengths of Fireblocks Tokenization Engine lies in its ability to enable the creation and redemption of fiat-backed stablecoins. Financial institutions and payment service providers can leverage this feature to manage smart contracts, obtain whitelisting approval, and ensure secure custody of digital assets.

Features and advantages

  • Tokenizing Any Asset: The platform empowers businesses to create both stablecoins and security tokens, allowing for the representation of a wide range of assets in a digital format.
  • Secure Token Storage and Transfer: Fireblocks ensures the secure storage, transfer, minting, and burning of tokens, protecting them against potential threats and unauthorized access.
  • Day-to-Day Token Operations: The operations dashboard provided by Fireblocks simplifies the management of token operations, making it easy for token operators to handle tasks such as token minting, burning, and transfers.

Fireblocks Tokenization Engine enhances liquidity by facilitating token trading and transfer on a secure and decentralized platform. By integrating with efficient exchanges, businesses can enable seamless trading and connect with a vast pool of trusted investors.

Furthermore, the platform's global market presence is bolstered by its integration with distributed blockchain networks. This integration enables businesses to reach mature secondary market players worldwide, expanding their investment opportunities and global footprint.

Operational transparency is another key aspect of Fireblocks Tokenization Engine. The decentralized nature of security tokens ensures clear ownership and management visibility, eliminating the need for intermediaries and reducing the risk of fraud or misuse during deal execution.

The Omni Layer

The Omni Layer is a software platform built on top of the Bitcoin blockchain, offering a comprehensive solution for creating and trading custom digital assets and currencies. As a software layer built on the most popular and secure blockchain, Bitcoin, Omni transactions are essentially Bitcoin transactions that enable advanced features and functionalities.

One of the primary advantages of Omni is its simplicity in creating tokens to represent custom currencies or assets and transacting them via the Bitcoin blockchain. This simplicity has contributed to Omni becoming the leading Bitcoin-based token protocol, offering power and ease-of-use for businesses and individuals alike.

Key features

  • Custom Currency Creation: Omni allows users to easily create tokens that represent custom currencies or assets. These tokens can be transacted and tracked on the Bitcoin blockchain, providing a secure and transparent means of exchanging value.
  • Blockchain-Based Crowdfunding: Omni supports decentralized crowdfunding, allowing crowdsale participants to send bitcoins or tokens directly to an issuer address. In return, the Omni Layer automatically delivers the crowdfunded tokens to the sender without the need for a trusted third party.
  • Peer-to-Peer Trading: Participants can utilize the distributed exchanges provided by the Omni Layer to exchange tokens for other tokens or bitcoins directly on the blockchain. This peer-to-peer trading capability eliminates the reliance on centralized exchanges, offering greater control and security over token transactions.
  • Web Wallets and Integration with Exchanges: Omni provides easy-to-use and secure web wallets, enabling users to store and manage their tokens conveniently. Additionally, the platform is integrated with top Bitcoin and altcoin exchanges, facilitating seamless token trading and liquidity.
  • Integration with Bitcoin Core: Omni's server daemon is based on Bitcoin Core, making it easy to integrate with existing Bitcoin infrastructure. This compatibility ensures a smooth integration process for businesses and developers looking to leverage the Omni Layer.
  • Fully-Validating Desktop Wallet: The Omni Layer offers a fully-validating desktop wallet and client based on Bitcoin Qt. This wallet provides users with complete control over their tokens, allowing them to securely send, receive, and manage their assets.
  • Tether Integration: Omni is also known for its integration with Tether, a stablecoin backed by bank trust and redeemable for SWIFT. This integration provides users with access to a stable digital currency that can be used for various purposes within the Omni ecosystem.

Pixelplex.io STO Platform

Pixelplex.io is a leading provider of custom Security Token Offering (STO) development and consulting services. With their expertise and innovative solutions, Pixelplex.io assists businesses in revamping their operations using security token services tailored to their specific needs. By leveraging the Pixelplex.io STO platform, businesses can swiftly reach their goals while capitalizing on the opportunities presented by security tokens.

The Pixelplex.io STO tokenization platforms offers a range of features and benefits to businesses seeking to access top-scale investment opportunities worldwide. 

Key advantages

  • Personalized Security Token Offering Platforms: Pixelplex.io develops customized STO platforms that align seamlessly with a business's existing infrastructure. These platforms are tailored to meet the unique requirements and objectives of each client, ensuring a highly targeted approach to fundraising and investment.
  • Advanced Liquidity: The platform enables businesses to attract rich funding quickly by integrating with efficient exchanges. This integration facilitates the seamless trading and transfer of security tokens, connecting businesses with a wide pool of trusted investors and enhancing liquidity.
  • Global Market Presence: With security token offering platforms built on distributed blockchain networks, businesses can expand their market presence globally. Whether it's a large-scale offering or a smaller one, the platform provides access to mature secondary market players worldwide, increasing exposure and opportunities for investment.
  • Operational Transparency: Security tokens inherently promote transparency in ownership and management. By utilizing security tokens on the Pixelplex.io platform, businesses can execute deals without relying on banking intermediaries, minimizing the risk of fraud or misuse. The platform ensures clear visibility into ownership and management throughout the entire process.
  • Automation and Cost Efficiency: Powered by smart contracts, the Pixelplex.io STO platform offers automation and cost-efficiency benefits. Real-time asset distribution and dividend payments can be executed through self-executing smart contracts, reducing manual intervention and optimizing resource allocation.
  • Pixelplex.io provides comprehensive consulting and development services to guide businesses through the implementation of security tokens. They offer expertise in analyzing the feasibility of security token implementation, designing unique solution roadmaps, estimating potential spending, and engineering custom platforms that take into account the specific requirements of each business.

Conclusion

In conclusion, tokenization platforms have revolutionized the way businesses approach fundraising, investment, and asset management. The top tokenization platforms in 2023, including Nextrope Tokenization Platform, Fireblocks Tokenization Engine, Omni Layer, and Pixelplex.io STO Platform, offer unique features and advantages to businesses looking to leverage the power of blockchain technology. These platforms enable businesses to tokenize a wide range of assets, raise funds globally, increase liquidity, and foster transparency and efficiency in transactions. Whether businesses are looking to launch new projects, tokenize companies, real estate, art, or other assets, these platforms provide the necessary tools and capabilities to unlock the full potential of tokenization. It's important for businesses to carefully consider their specific requirements and goals when choosing a tokenization platform that best suits their needs.

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AI-Driven Frontend Automation: Elevating Developer Productivity to New Heights

Gracjan Prusik

11 Mar 2025
AI-Driven Frontend Automation: Elevating Developer Productivity to New Heights

AI Revolution in the Frontend Developer's Workshop

In today's world, programming without AI support means giving up a powerful tool that radically increases a developer's productivity and efficiency. For the modern developer, AI in frontend automation is not just a curiosity, but a key tool that enhances productivity. From automatically generating components, to refactoring, and testing – AI tools are fundamentally changing our daily work, allowing us to focus on the creative aspects of programming instead of the tedious task of writing repetitive code. In this article, I will show how these tools are most commonly used to work faster, smarter, and with greater satisfaction.

This post kicks off a series dedicated to the use of AI in frontend automation, where we will analyze and discuss specific tools, techniques, and practical use cases of AI that help developers in their everyday tasks.

AI in Frontend Automation – How It Helps with Code Refactoring

One of the most common uses of AI is improving code quality and finding errors. These tools can analyze code and suggest optimizations. As a result, we will be able to write code much faster and significantly reduce the risk of human error.

How AI Saves Us from Frustrating Bugs

Imagine this situation: you spend hours debugging an application, not understanding why data isn't being fetched. Everything seems correct, the syntax is fine, yet something isn't working. Often, the problem lies in small details that are hard to catch when reviewing the code.

Let’s take a look at an example:

function fetchData() {
    fetch("htts://jsonplaceholder.typicode.com/posts")
      .then((response) => response.json())
      .then((data) => console.log(data))
      .catch((error) => console.error(error));
}

At first glance, the code looks correct. However, upon running it, no data is retrieved. Why? There’s a typo in the URL – "htts" instead of "https." This is a classic example of an error that could cost a developer hours of frustrating debugging.

When we ask AI to refactor this code, not only will we receive a more readable version using newer patterns (async/await), but also – and most importantly – AI will automatically detect and fix the typo in the URL:

async function fetchPosts() {
    try {
      const response = await fetch(
        "https://jsonplaceholder.typicode.com/posts"
      );
      const data = await response.json();
      console.log(data);
    } catch (error) {
      console.error(error);
    }
}

How AI in Frontend Automation Speeds Up UI Creation

One of the most obvious applications of AI in frontend development is generating UI components. Tools like GitHub Copilot, ChatGPT, or Claude can generate component code based on a short description or an image provided to them.

With these tools, we can create complex user interfaces in just a few seconds. Generating a complete, functional UI component often takes less than a minute. Furthermore, the generated code is typically error-free, includes appropriate animations, and is fully responsive, adapting to different screen sizes. It is important to describe exactly what we expect.

Here’s a view generated by Claude after entering the request: “Based on the loaded data, display posts. The page should be responsive. The main colors are: #CCFF89, #151515, and #E4E4E4.”

Generated posts view

AI in Code Analysis and Understanding

AI can analyze existing code and help understand it, which is particularly useful in large, complex projects or code written by someone else.

Example: Generating a summary of a function's behavior

Let’s assume we have a function for processing user data, the workings of which we don’t understand at first glance. AI can analyze the code and generate a readable explanation:

function processUserData(users) {
  return users
    .filter(user => user.isActive) // Checks the `isActive` value for each user and keeps only the objects where `isActive` is true
    .map(user => ({ 
      id: user.id, // Retrieves the `id` value from each user object
      name: `${user.firstName} ${user.lastName}`, // Creates a new string by combining `firstName` and `lastName`
      email: user.email.toLowerCase(), // Converts the email address to lowercase
    }));
}

In this case, AI not only summarizes the code's functionality but also breaks down individual operations into easier-to-understand segments.

AI in Frontend Automation – Translations and Error Detection

Every frontend developer knows that programming isn’t just about creatively building interfaces—it also involves many repetitive, tedious tasks. One of these is implementing translations for multilingual applications (i18n). Adding translations for each key in JSON files and then verifying them can be time-consuming and error-prone.

However, AI can significantly speed up this process. Using ChatGPT, DeepSeek, or Claude allows for automatic generation of translations for the user interface, as well as detecting linguistic and stylistic errors.

Example:

We have a translation file in JSON format:

{
  "welcome_message": "Welcome to our application!",
  "logout_button": "Log out",
  "error_message": "Something went wrong. Please try again later."
}

AI can automatically generate its Polish version:

{
  "welcome_message": "Witaj w naszej aplikacji!",
  "logout_button": "Wyloguj się",
  "error_message": "Coś poszło nie tak. Spróbuj ponownie później."
}

Moreover, AI can detect spelling errors or inconsistencies in translations. For example, if one part of the application uses "Log out" and another says "Exit," AI can suggest unifying the terminology.

This type of automation not only saves time but also minimizes the risk of human errors. And this is just one example – AI also assists in generating documentation, writing tests, and optimizing performance, which we will discuss in upcoming articles.

Summary

Artificial intelligence is transforming the way frontend developers work daily. From generating components and refactoring code to detecting errors, automating testing, and documentation—AI significantly accelerates and streamlines the development process. Without these tools, we would lose a lot of valuable time, which we certainly want to avoid.

In the next parts of this series, we will cover topics such as:

Stay tuned to keep up with the latest insights!

The Ultimate Web3 Backend Guide: Supercharge dApps with APIs

Tomasz Dybowski

04 Mar 2025
The Ultimate Web3 Backend Guide: Supercharge dApps with APIs

Introduction

Web3 backend development is essential for building scalable, efficient and decentralized applications (dApps) on EVM-compatible blockchains like Ethereum, Polygon, and Base. A robust Web3 backend enables off-chain computations, efficient data management and better security, ensuring seamless interaction between smart contracts, databases and frontend applications.

Unlike traditional Web2 applications that rely entirely on centralized servers, Web3 applications aim to minimize reliance on centralized entities. However, full decentralization isn't always possible or practical, especially when it comes to high-performance requirements, user authentication or storing large datasets. A well-structured backend in Web3 ensures that these limitations are addressed, allowing for a seamless user experience while maintaining decentralization where it matters most.

Furthermore, dApps require efficient backend solutions to handle real-time data processing, reduce latency, and provide smooth user interactions. Without a well-integrated backend, users may experience delays in transactions, inconsistencies in data retrieval, and inefficiencies in accessing decentralized services. Consequently, Web3 backend development is a crucial component in ensuring a balance between decentralization, security, and functionality.

This article explores:

  • When and why Web3 dApps need a backend
  • Why not all applications should be fully on-chain
  • Architecture examples of hybrid dApps
  • A comparison between APIs and blockchain-based logic

This post kicks off a Web3 backend development series, where we focus on the technical aspects of implementing Web3 backend solutions for decentralized applications.

Why Do Some Web3 Projects Need a Backend?

Web3 applications seek to achieve decentralization, but real-world constraints often necessitate hybrid architectures that include both on-chain and off-chain components. While decentralized smart contracts provide trustless execution, they come with significant limitations, such as high gas fees, slow transaction finality, and the inability to store large amounts of data. A backend helps address these challenges by handling logic and data management more efficiently while still ensuring that core transactions remain secure and verifiable on-chain.

Moreover, Web3 applications must consider user experience. Fully decentralized applications often struggle with slow transaction speeds, which can negatively impact usability. A hybrid backend allows for pre-processing operations off-chain while committing final results to the blockchain. This ensures that users experience fast and responsive interactions without compromising security and transparency.

While decentralization is a core principle of blockchain technology, many dApps still rely on a Web2-style backend for practical reasons:

1. Performance & Scalability in Web3 Backend Development

  • Smart contracts are expensive to execute and require gas fees for every interaction.
  • Offloading non-essential computations to a backend reduces costs and improves performance.
  • Caching and load balancing mechanisms in traditional backends ensure smooth dApp performance and improve response times for dApp users.
  • Event-driven architectures using tools like Redis or Kafka can help manage asynchronous data processing efficiently.

2. Web3 APIs for Data Storage and Off-Chain Access

  • Storing large amounts of data on-chain is impractical due to high costs.
  • APIs allow dApps to store & fetch off-chain data (e.g. user profiles, transaction history).
  • Decentralized storage solutions like IPFS, Arweave and Filecoin can be used for storing immutable data (e.g. NFT metadata), but a Web2 backend helps with indexing and querying structured data efficiently.

3. Advanced Logic & Data Aggregation in Web3 Backend

  • Some dApps need complex business logic that is inefficient or impossible to implement in a smart contract.
  • Backend APIs allow for data aggregation from multiple sources, including oracles (e.g. Chainlink) and off-chain databases.
  • Middleware solutions like The Graph help in indexing blockchain data efficiently, reducing the need for on-chain computation.

4. User Authentication & Role Management in Web3 dApps

  • Many applications require user logins, permissions or KYC compliance.
  • Blockchain does not natively support session-based authentication, requiring a backend for handling this logic.
  • Tools like Firebase Auth, Auth0 or Web3Auth can be used to integrate seamless authentication for Web3 applications.

5. Cost Optimization with Web3 APIs

  • Every change in a smart contract requires a new audit, costing tens of thousands of dollars.
  • By handling logic off-chain where possible, projects can minimize expensive redeployments.
  • Using layer 2 solutions like Optimism, Arbitrum and zkSync can significantly reduce gas costs.

Web3 Backend Development: Tools and Technologies

A modern Web3 backend integrates multiple tools to handle smart contract interactions, data storage, and security. Understanding these tools is crucial to developing a scalable and efficient backend for dApps. Without the right stack, developers may face inefficiencies, security risks, and scaling challenges that limit the adoption of their Web3 applications.

Unlike traditional backend development, Web3 requires additional considerations, such as decentralized authentication, smart contract integration, and secure data management across both on-chain and off-chain environments.

Here’s an overview of the essential Web3 backend tech stack:

1. API Development for Web3 Backend Services

  • Node.js is the go-to backend runtime good for Web3 applications due to its asynchronous event-driven architecture.
  • NestJS is a framework built on top of Node.js, providing modular architecture and TypeScript support for structured backend development.

2. Smart Contract Interaction Libraries for Web3 Backend

  • Ethers.js and Web3.js are TypeScript/JavaScript libraries used for interacting with Ethereum-compatible blockchains.

3. Database Solutions for Web3 Backend

  • PostgreSQL: Structured database used for storing off-chain transactional data.
  • MongoDB: NoSQL database for flexible schema data storage.
  • Firebase: A set of tools used, among other things, for user authentication.
  • The Graph: Decentralized indexing protocol used to query blockchain data efficiently.

4. Cloud Services and Hosting for Web3 APIs

When It Doesn't Make Sense to Go Fully On-Chain

Decentralization is valuable, but it comes at a cost. Fully on-chain applications suffer from performance limitations, high costs and slow execution speeds. For many use cases, a hybrid Web3 architecture that utilizes a mix of blockchain-based and off-chain components provides a more scalable and cost-effective solution.

In some cases, forcing full decentralization is unnecessary and inefficient. A hybrid Web3 architecture balances decentralization and practicality by allowing non-essential logic and data storage to be handled off-chain while maintaining trustless and verifiable interactions on-chain.

The key challenge when designing a hybrid Web3 backend is ensuring that off-chain computations remain auditable and transparent. This can be achieved through cryptographic proofs, hash commitments and off-chain data attestations that anchor trust into the blockchain while improving efficiency.

For example, Optimistic Rollups and ZK-Rollups allow computations to happen off-chain while only submitting finalized data to Ethereum, reducing fees and increasing throughput. Similarly, state channels enable fast, low-cost transactions that only require occasional settlement on-chain.

A well-balanced Web3 backend architecture ensures that critical dApp functionalities remain decentralized while offloading resource-intensive tasks to off-chain systems. This makes applications cheaper, faster and more user-friendly while still adhering to blockchain's principles of transparency and security.

Example: NFT-based Game with Off-Chain Logic

Imagine a Web3 game where users buy, trade and battle NFT-based characters. While asset ownership should be on-chain, other elements like:

  • Game logic (e.g., matchmaking, leaderboard calculations)
  • User profiles & stats
  • Off-chain notifications

can be handled off-chain to improve speed and cost-effectiveness.

Architecture Diagram

Below is an example diagram showing how a hybrid Web3 application splits responsibilities between backend and blockchain components.

Hybrid Web3 Architecture

Comparing Web3 Backend APIs vs. Blockchain-Based Logic

FeatureWeb3 Backend (API)Blockchain (Smart Contracts)
Change ManagementCan be updated easilyEvery change requires a new contract deployment
CostTraditional hosting feesHigh gas fees + costly audits
Data StorageCan store large datasetsLimited and expensive storage
SecuritySecure but relies on centralized infrastructureFully decentralized & trustless
PerformanceFast response timesLimited by blockchain throughput

Reducing Web3 Costs with AI Smart Contract Audit

One of the biggest pain points in Web3 development is the cost of smart contract audits. Each change to the contract code requires a new audit, often costing tens of thousands of dollars.

To address this issue, Nextrope is developing an AI-powered smart contract auditing tool, which:

  • Reduces audit costs by automating code analysis.
  • Speeds up development cycles by catching vulnerabilities early.
  • Improves security by providing quick feedback.

This AI-powered solution will be a game-changer for the industry, making smart contract development more cost-effective and accessible.

Conclusion

Web3 backend development plays a crucial role in scalable and efficient dApps. While full decentralization is ideal in some cases, many projects benefit from a hybrid architecture, where off-chain components optimize performance, reduce costs and improve user experience.

In future posts in this Web3 backend series, we’ll explore specific implementation details, including:

  • How to design a Web3 API for dApps
  • Best practices for integrating backend services
  • Security challenges and solutions

Stay tuned for the next article in this series!