Place/Date: - December 26th, 2017 at 8:12 am UTC · 6 min read
DIW’s unique concept plans to solve global security vulnerabilities in regards to private sensitive data including Identification documents, Bank details, Login details and Health care records to name a few with the introduction of a Secure Digital Vault.
This will be the entry point to a global directory of professionals and individuals alike where transparency will rule, providing unprecedented levels of security and trust amongst all members. A secure Payment Gateway for e-commerce websites, which will accept fiat and crypto currency, will also be introduced enabling mainstream adoption of all crypto currencies.
In this day and age, there are very few sectors that are not affected by the exchange of digital data. Due to this dependency, breaches pose a direct threat to the stability and security of our global system. Reports are flooding in as to when and how many entities have been affected by this, in some cases catastrophic results. The global community is becoming increasingly aware of this major security threat with everyone scrambling to find a solution for their safety and peace of mind.
Everyday people are naturally concerned. Multiple personal as well as Social Media hacking incidents have distributed millions of individuals’ sensitive personal data with much of it resurfacing in the Dark Web with ominous outlook.
Industry professionals are also becoming increasingly weary in regards to the effect these data breaches may have on their businesses. Unfortunately, the impact these data breaches are having isn’t limited only to the ‘digital aspect of things’ but down to physical aspects as well, such as the actual safety and security of their premises – even property ownership has been put to question recently!
And then there are governments. The FBI recently warned that ‘advanced persistent threat’ cyber attackers are increasingly targeting sensitive information stored on government networks globally through cyber espionage. With the thread of an imminent nuclear war looming on the horizon, a single data breach might be the spark needed to ignite such a confrontation with horrific consequences.
There were 9 billion data records stolen since 2013 with 96% of the data stolen perfectly usable and useful to the hackers. That’s a frightening 60 records per second!
During 2017’s first six months alone, approximately 2 billion records have been breached with government, technology, education and healthcare being the sectors mostly hit.
It is clear that this trend will continue and only get worse as time passes by unless fundamental changes take place.
Every year, more and more people are being scammed of their valuable possessions online. The trend is said to be increasing by 14% every 3 years with this percentage rising with every passing year. A recent report revealed that 75% of the companies included within a global survey had fallen victims of fraud with 69% of these suffering a financial loss.
The numbers in regards to individuals being scammed after having proceeded with online transactions with a subsequent financial loss is said to be higher as individuals are less prepared and more prone to attacks. Finding trustworthy and professional individuals and businesses alike to work with, is proving harder and harder.
It is evident that something needs to be done if we are ever going to see a fully transparent market place along with a secure way of exchanging funds.
In a period of just 12 months, the total market cap of all Crypto Currencies has seen an increase of 1700%! At the time of writing, it has surpassed the $600 billion mark.
But there is a catch: Crypto currency is solely used within the crypto – community and online exchanges – not in everyday life.
It is evident that there is a major need for crypto-currency to be widely accepted by the global retail sales leader – e-commerce.
DIW with the further to the upcoming ICO, plans to bridge and solve all aforementioned issues with the introduction of its global, blockchain-based, decentralised network complete with its own ecosystem and currency.
Embed the Explainer Video – https://www.youtube.com/watch?v=bNhMpqJAQHo
To gain access into the network, members will be provided with a Secure Vault, where they will be able to store their entire ‘Digital Life’ including documents such as identities, passports, KYC & KYS, financial, contracts, health records as well as login details.
Organizations as well as individuals around the globe, will be able to join in and exchange their services in the form of a Global Directory. The network will ensure that their identity is validated and their details accurate. Transactions will be completed in full transparency and all network members will be able to see each member’s real life performance in the form of a rating score.
The DIW token will be used and accepted throughout the network for transactions between its members, enabling higher security. Additional security services such as a digital contract-based escrow service will also be offered.
To top it all up and follow the cryptocurrency trend, DIW plans to introduce its own Payment Gateway that will be easily integrated within e-commerce websites accepting both FIAT as well as Crypto currencies enabling the utilisation of crypto-currencies in everyday life.
DIW plans to proceed with its project in Phases based on the funds invested.
– Phase 1: the introduction of the secure digital vault
– Phase 2: the Payment Gateway
– Phase 3: the development and deployment of the DIW Global Directory
– Phase 4: a paid Escrow Service in the form of smart contracts along with other services will be introduced
– Phase 5: incorporates the Healthcare sector’s Electronic Health Records (EHRs).
The aforementioned services will be secured and maintained by a decentralized blockchain network that will be keeping all data highly encrypted as well as available to its rightful owners at all times.
To achieve the aforementioned goals, DIW plans to proceed with crowdfunding that will enable the fruition of its project. It has just entered its Whitelist stage – the earliest stage of its ICO.
For more information as well as updates in regards to its project and development including many more exciting details in regards to its team composition, supporters and technology, interested parties are invited to join the aforementioned whitelist by filling the corresponding form found on its website – https://www.diwtoken.com