DIWtoken.com: The ecosystem you need to be a part ofMay 14, 2018
The Digital Identification Wallet (DIW) will bring you an all in one solution for increasing security against hacking and fraud, simplifying the process of storing and accessing private data, payment gateways and escrow services via blockchain technology. With the Soft Cap reached in the Pre-ICO stages, the prototype development is progressing and will be available in this second quarter of 2018, as was planned in the roadmap. The ICO has launched and is now offering a bonus of 19% in relation to the last ICO Phase available only before the 17th of May. The DIW Token will be listed on Exchanges right after the ICO.
All in one solution
DIW’s unique “all in one” concept aims to tackle three problems that are plaguing online users.
- Data Breaches: There is an increasing amount of sensitive data being intercepted or even stolen globally affecting everyone – individuals and businesses alike, sometimes with unimaginable consequences both on and offline.
- Growing Online Fraud: Finding trustworthy and professional individuals and businesses to work with online is proving to be harder and harder. Every year, an increasing number of people and businesses are being scammed, left with substandard products, services or, even worse, nothing at all. The risk for individuals is usually higher, as they are much less prepared and thus more prone to attacks.
- Utilising Crypto Currency: In a period of just 12 months, the total market cap of all Crypto Currencies has seen a significant increase. However, crypto currency is solely used within the crypto community and online exchanges – not in ‘real life’ hence, its usage is limited.
The good news heralded by DIW is that you do not need three separate solutions for these three problems. Instead, the DIW contact will encompass solutions for all these three problems and include additional services that will secure and simplify your online life. This will be achieved through the introduction of its global, blockchain-based, decentralized network, complete with its own ecosystem and currency.
DIW: How it works
The ecosystem of DIW will be developed in five phases and here is how it will work:
- The Secure Digital Vault will enable DIW account holders to utilize a highly encrypted, secure and private decentralized platform where they may store and share their digital data and personal information such as identification documents, passwords (key-locker), credit cards, bank details, as well as any other sensitive information. The DIW network will function on a peer-to-peer protocol for data distribution, which will be materialised by utilising DIW approved storage providers. This could include IPFS/ BigchainDB/ Ties.DB and other alternative provider for the storage of sensitive information.
- The Payment Gateway for Crypto and Fiat Currency will provide a new and secure medium to website owners to accept payments, in any major currency, fiat or crypto, using the DIW single login decentralized platform. Our goal is to help the crypto community expand its reach, by making it possible to exchange digital tokens for goods / services for any type of business and by helping crypto currencies become widely available and easily usable in everyday life. Additionally, DIW’s payment gateway, will allow buyers to login via their DIW account within the site or checkout without the need to create an additional account or provide any kind of details within the seller’s website.
To accommodate for the large number of transactions that will be occurring per second, DIW has proceeded with incorporating the Raiden Network that’s based on payment channel technology. This technology is limitless as it scales and adapts along with demand thus always being optimized for the ever-increasing number of users and transactions. After having concluded with multiple initial tests, the Raiden network hopes to deliver 1 million transfers per second (TPS) via “state channels”, thereby eliminating the current bottleneck found in most blockchain applications.
3. The DIW platform will feature a rating system for all DIW holders utilizing a complex algorithm that will assess the account holder’s data quality, history of transactions, comments and review depth, increasing trust between parties and thus making up the DIW Global Directory. Only profiles assessed by the network as trusted, after having received and analysed KYC or KYS related data, will be featured within the directory. This will guarantee a high level of security, ensuring trust between all listed DIW account holders. The same level of security screening will be applied for all kinds of individuals, professionals and businesses.
4. 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. Its job will be to ensure that all of the predefined terms will be met before permitting the execution of the final contract. The paid escrow service will increase the level of trust as well as safeguard transaction security between all parties involved thus making the DIW platform a safe place to do business on.
5. The vision of the project are Electronic Healthcare Records (EHR) and it is anticipated to take place at the final phase of the project. Embedding EHR records into the DIW Ecosystem will enable the secure transfer of records to and from Patient and Healthcare Professional, utilizing the secure, decentralized blockchain network. The encrypted personal Electronic Health Records will only be accessible by the patient via the DIW platform. The patient (DIW Account Holder) will be able to fully control who sees their EHR and which parts of it, through smart contracts. This includes providing EHR access to hospitals, laboratories, pharmacists, doctors or other healthcare professionals and can prove life saving in cases of medical emergencies. In addition, information can be shared with insurance providers to secure a lower rate, or even providing data for research purposes in exchange of DIW Tokens.
Looking at the future
The above functions sit at the core of the DIW project. Building on these, the possibilities are endless. As security becomes an increasing priority, DIW will be a personal safe haven – one that will allow the secure storage, access and sharing of information, enable secure online purchases as well as help its members locate, come into contact and work with true professionals. At any given time, its members will be able to only provide information they are comfortable to share with others. All of these will be made possible within a fully transparent network, featuring its own ecosystem.
We invite you to join us and hundreds of pioneers who know that DIW will offer them the solution they have been looking for to improve the security of their data, protect them against fraud and enable them to use cryptocurrencies in exchange of goods and services. Join the ICO sale now and benefit from the bonus of 19% in relation to the last ICO Phase available only before the 17th of May. The end of the ICO on the 31st of May will mark the listing of the DIW Token on Exchanges. Soon after, the prototype DIW will be available, bringing us one step closer to a safe, practical, all in one solution online ecosystem; the Digital Identification Wallet.
You can follow DIW Token here:
Telegram Group: https://t.me/diwtoken
Telegram Channel: https://t.me/DIWtokenAnn
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2567416
Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=2682890