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DIW – unique concept plans to solve global security vulnerabilities

DIW’s unique concept plans to solve global security vulnerabilities in regards to private sensitive data including ID Documentation, Bank and Login details, Wills and Healthcare records to name a few with the introduction of a Secure Digital Vault. Additionally, it will enhance the use of crypto currencies by developing a check-out system accepting all major fiat and crypto currencies, easily integratable on thousands of websites. Furthermore, it will introduce a fully transparent, trusted, global directory featuring a rating system where organisations and individuals alike will be able to do business swiftly, securely and with full confidence. The DIW Token will be the preferred method of payment throughout the DIW network.

The DIW Infrastructure and Protocol

Despite the fact that DIW stands for ‘Digital Identification Wallet’, there is no one way to accurately describe what DIW is. The idea behind it is boundless with their imagination being the only limit. The project will only expand over time. The DIW project, is a revolutionary decentralized identification infrastructure which enables registered account holders, individuals or organisations, to securely create their online identification profile, that provides the capability to store, access and exchange, sensitive encrypted data. The power of blockchain and smart contracts makes the project possible to selectively reveal identification data of a DIW holder to other DIW holders. DIW will also develop and supply its own Hardware Wallet which will ensure maximum security to demanding premium members. This, in conjunction with the security offered by blockchain technology provides unprecedented levels of protection and peace of mind; what they call ‘Decentralized Security’!

The DIW Token, an ERC-20, Ethereum based utility token, will be introduced to be the preferred method of payment within the entire DIW network. Holders will be able to utilise the token for all of their daily activities and transactions as well as whilst exchanging services and products.
Ensured advantages of the DIW decentralized community:

• Efficient, swift and cost-effective transaction processes
• Complete freedom to transact via any form of currency, digital or fiat
• Single access to an endless doorway
• Access to support provided by a large, global community
• Secure peer-to-peer protocol for the distribution of sensitive data
• Ultimate security to the account holder via the utilization of a hardware wallet

Ecosystem

The DIW ecosystem consists of 1 000 000 000 (one billion) tokens. They propose that a single token be referred to as a “DIW” and be represented by the rhombus symbol “◊”. The value of the majority of the tokens distributed from ICOs is mainly affected by the natural fluctuation within the crypto exchange platforms and their existence closely linked to their popularity there. They differ, as they propose to utilise the use of the DIW token within the DIW ecosystem by paying holders to accommodate the DIW network by utilizing their computing devices’ storage and processing power, by paying a smart contract based escrow service and by completing purchases directly between DIW holders or ecommerce stores, using as commodity either the DIW token or other crypto and/or fiat currency. They believe that this practice will ensure the sustainability and longevity of the DIW token and safeguard its value as it won’t depend just on demand and supply within the crypto exchange platforms. This unique feature of the DIW token will greatly differentiate it from the rest of the cryptocurrency tokens.

The Five Phases of DIW’s project development

SECURE DIGITAL VAULT
DIW enables the secure storage of sensitive information such as identification documentation, passwords, bank account and credit card information, validated KYC or KYS related documentation, wills, as well as other valuable digital data within a highly encrypted, secure and private decentralised platform. The platform will also allow its account holders to securely share their data in part or in whole between them.

PAYMENT GATEWAY
Provides a ground breaking and secure medium to website owners to accept payments, in any major currency, fiat or crypto, using the DIW single login decentralized platform. DIW’s Payment Gateway, will be an easily integrated checkout system for many ecommerce websites including those featuring Open-Source CMS such as WordPress and Joomla.

GLOBAL DIRECTORY
DIW plans to introduce a global directory where account holders, be it individuals or organisations, will be able to list their services and expand their reach. The directory will feature a smart rating system increasing trust and transparency between account holders.

PAID ESCROW
Another main feature of the DIW platform is the smart contract – based escrow service that will safeguard transactions between parties. The DIW paid escrow service, will be simple to use but at the same time sophisticated and smart, assuring that all transaction conditions have been met before releasing the funds.

THE VISION / ELECTRONIC HEALTH RECORDS
It would be an omission for the entire project to ignore the critical necessity of security in regards to Electronic Health Records. Their vision is for DIW to encompass this sector by enabling the encrypted storage and secure sharing of personal EHRs between account holders and validated laboratories, pharmacists, doctors or other healthcare professionals with the additional option of utilizing smart contract technology already featured within the DIW network.


For more information, visit the Website or read the Whitepaper

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