Thursday, May 2, 2024

Tokenization Revolution: Transforming Assets in the Digital Age

design tokenization

One notable example of this approach can be observed in the context of Salesforce's Lightning Design System, where design tokens play a significant role in maintaining a cohesive and adaptable visual system. Following this definition, design tokens are design attributes you package with the purpose of using them over and over again to keep visual consistency in a digital platform. Design tokens are name and value pairings that represent small, repeatable design decisions.

Ethical Engineering

Acting Comptroller Hsu misses the point of decentralized tokenization - American Banker

Acting Comptroller Hsu misses the point of decentralized tokenization.

Posted: Wed, 03 Jan 2024 08:00:00 GMT [source]

A design system is essentially a set of standards to make the design process easier, faster and of higher quality. Though often misunderstood with style guides, design systems are much more than that. It brings together several aspects to produce a consistent identity and visibility for products and organizations. Later, you can connect these decisions with others and create a theme. Using design tokens makes it very easy to scale design and use the same foundations on all platforms (Web, iOS, Android).

Establishing a Single Source of Truth

Digital Euro prototype is token-based. Borrows from Bitcoin - Ledger Insights

Digital Euro prototype is token-based. Borrows from Bitcoin.

Posted: Thu, 08 Dec 2022 08:00:00 GMT [source]

The journey toward a tokenized future has just begun, and the possibilities are as vast as the digital landscape itself. In the era of digital innovation, the concept of tokenization has emerged as a revolutionary force, reshaping the way we perceive and interact with traditional assets. Tokenization, the process of converting rights to an asset into a digital token on a blockchain, is at the forefront of a paradigm shift that promises increased liquidity, accessibility, and efficiency. This blog explores the Tokenization Revolution and how it is transforming assets in the digital age. Dive into the key takeaways from Supernova's expert panel on the state of design tokens in 2024. Explore insightful discussions on collaboration, token management, layout theming, and more.

What Are Design Tokens? And Why Should You Use Them

This can be particularly useful in large-scale projects where multiple designers and developers may be working on different parts of a project simultaneously. Design Tokens allow teams to work independently while still ensuring consistency across the entire project. That all sounds great, but a concept or tool is only so useful as it is implementable, so let’s talk about some of the elements that make design tokens an actual worthwhile tool and practice for your team.

The advantages of design tokens

They continue to establish themselves as key drivers of reliable branding and efficiency in design. It ensures flexible design by replacing hard-coded values leading to a lot of time savings. When a designer changes a color value in the Figma file that's being used for the design system, the new change applies everywhere the token is used when the data source is updated. Hence, automatic updates are received by the developer where the token is used for the changed element. It is understood that the blue is for the background, the white is for the body text, and the font is like so, with a specific border-radius.

Design to development handover

In Figma, we can use a powerful plugin called "Tokens Studio for Figma," which lets us save all the tokens & merge color + text styles from the design tool into the plugin. Read this article and discover how to use different design tokens. Space tokens reduce decision making and allow for consistent spacing between elements in a page layout. These tokens are designed to be use for horizontal and vertical spacing, in a variety of contexts. Find all of our available design tokens and their usage descriptions in all tokens.

“Simple token systems” will probably require predominantly legal and technological engineering, while more “complex token systems” will need a good balance of all four areas. Similar to electrical engineering and public policy design, token engineering is about rigorous analysis, design, and verification of systems and their assumptions. Their assumptions need to be assisted by tools that reconcile theory with practice. In conclusion, Design Tokens are a powerful tool that can help streamline the design process and ensure consistency across different platforms and devices. By providing a centralised source of truth, Design Tokens can help teams work independently while still ensuring consistency across an entire project.

In our pursuit of a resilient, scalable, and flexible system, we diligently worked to eliminate as much ambiguity as possible. Over the past month, I’ve been on a mission to enhance the organization of our design system and boost the efficiency of both designers and developers working on our product. For example, color as a HEX or RGB value, opacity as a number, and animation ease as Bezier coordinates. The theoretical and applied know-how that will be necessary to design a token system from an economic perspective can be found in economics, network science, cyber-physical systems, and sociotechnical systems.

Creating an efficient token system and organizing our design system was a mammoth of a task. However, we quickly realized that this process extended beyond just setting up the system; it required educating our designers and developers on how to make the most of these tokens. To achieve success, we needed a delicate balance of logic, experience, and expertise, coupled with user-centered practices like interviews, usability testing, and collaborative workshops involving various teams.

Brand colors should be meaningful, and neutral and secondary colors are there to make connections. Every tone value between 0 and 100 expresses the amount of light present in color. The 100 tone is always 100% white, the lightest tone in the range; the 0 tone is 100% black, the darkest tone in the range. Instead of using hard-coded values (such as hex values for color or pixel values for spacing), you give values names.

design tokenization

Now, whenever I want to update the style of this button, I need to go to the main component, change it, and it will update all the instances. Let’s compare “the usual” design process in Figma and one with the Figma Tokens plugin. Please remember that this doesn’t mean you should add all the colors in the world.

design tokenization

They should also be useful for everything that gives your Design System personality and character — something I like to call The Anatomy of a Design System. It is my personal preference.It’s similar to an approach outlined by Daniel Banks, one of the maintainers of Style-Dictionary, he talks about it in a blogpost. Then when running something like style-dictionary, you could run two instances, one for each theme. Let’s imagine for a minute that we have a tokenized input component. Below are some examples that are either unspecified or still lack best practices.

When designing a token system, one also needs to understand the regulatory implications that the technical, economic or ethical design might have. What might be feasible from an economic or technical perspective is not necessarily legal. One of the greatest challenges of Web3 is that the governance infrastructure of the Internet is by definition global.

Having lawyers, economists, and social scientists as part of the team in addition to the technical engineers, on executive level and below, will be paramount to developing resilient token systems. However, interdisciplinary work takes time and effort, since all four categories overlap, and the communication between the different disciplines requires some ramp-up efforts. One of the biggest challenges — which might seem mundane at first — stems from the fact that the vocabulary used by different disciplines often differs when describing the same phenomena. The same word, in different disciplines, can often mean a very different thing, and lead to serious misunderstandings.

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