DIW: DIGITAL IDENTIFICATION WALLET FOR SAFE DIGITAL LIFE
Daily, 2.5 quintillion bytes of data is created and stored by people worldwide, and the bulk of these data is created through different personal digital devices. To be factual, 90% of the world’s data has been created in the last two years only, and in the United States, the amount of data created daily on digital information platforms is x8 greater than the information stored in all of the libraries in the U.S.
Created data is stored in various online databases and clouds, and as more data is stored in various locations, there is reliance on a growing number of passwords to access the stored information. While it is possible to store these passwords and other sensitive information on online databases and clouds, there is the concern of security breach. From a recent report, 75% of companies that were included in global survey had been fraud victims, and 69% of them suffered financial losses. Most organizations that offer data/information and password storing services, currently use a centralized system. This makes the services susceptible to hacking or corruption, and when it does, results in a single point of failure.
An easily accessed, decentralized system is needed for people to store their passwords and other sensitive information. A decentralized system will be void of security breaches and risks, as well as solve the issue of a single failure point. In this system, information will be stored and spread across several servers.
With these issues in mind, Digital Identification Wallet (DIW) has been introduced. DIW will solve the growing online fraud, and advancing data breaches, as well as utilize cryptocurrency. Essentially, DIW will solve these issues with its global decentralized network that is based on blockchain, and its proprietary ecosystem and currency. DIW holders will have the ability to anonymously access the DIW network, thereby gaining access to a Secure Vault where their data, information, sensitive documents like passports, contracts, electronic health records and login details can be stored. Individuals and organizations worldwide will have the ability to partake and exchange their services in the form of a Global Directory. It should be noted that only valid DIW holders will be granted access to the DIW network, as their accounts will be confirmed through the filling of KYC/KYS documentation. All transactions in the DIW network will be completed in total transparency and all members of the network will be enabled to see each other’s performance in real life via a rating score. DIW tokens will be used for transactions between members, and accepted throughout the DIW network, thereby enabling higher security. DIW also has plans to introduce its proprietary Payment Gateway that will easily integrate within e-commerce websites that accept fiat and cryptocurrencies daily, with DIW token the most ideal form of payment. Premium DIW members will be offered added services like encrypted storage solutions, digital contract-based Escrow services, and a hardware wallet for improved security. Members will have the ability to only provide and share information’s that they are comfortable with. Going forward, DIW will enable secure online purchases, and help its members to locate, contact and work with true professionals. The DIW platform will be compatible with all major browsers, and accessible by most digital devices -computers, tablets and mobile phones. The DIW Hardware Wallet has been designed and developed ahead, such that users will be able to use it when opening their account. Also, account holders that haven’t had the opportunity to use the Hardware Wallet can do so already.
PLANNED DIW DEVELOPMENT AREAS
DIW development has been planned in five phases;
• Paid Escrow
• Healthcare
• DIW global directory
• Payment Gateway for Fiat and cryptocurrency
• Secure digital vault
DIW TOKEN INFLUENCING ELEMENTS
• Storage
• Cryptocurrency payments
• Currency
• Escrow service
ICO BONUS STRUCTURE
Note that 1 billion DIW token will be created and 700 million of it will be available for ICO. The hardcap is 26 million Ethereum, and the ICO will end once the hardcap is achieved. All unsold tokens will be burned.
1–100,000,000 Tokens 1 DIW = 0.000085
100,000,001–200,000,000 Tokens 1 DIW = 0.000095
200,000,001–300,000,000 Tokens 1 DIW = 0.000105
300,000,001–400,000,000 Tokens 1 DIW = 0.000115
400,000,001–550,000,000 Tokens 1 DIW = 0.000120
550,000,001–700,000,000 Tokens 1 DIW = 0.000125
TOKEN DISTRIBUTION
8% — Future partners
2% — Bounty
5% — Advisors & Partners
15% — Founders tokens
70% — ICO
FUND ALLOCATION
5% — Redundancy fund
10% — Operational cost
5% — Administrative expenses
5% — Legal consultation/expenses
15% — Sales, marketing, and community management
60% — Project design and development
ROADMAP
Q4 2017 — Whitepaper
27th March 2018 — ICO
- Listing on exchanges
Q2 2018 — DIW prototype presentation
Q3 2018 — DIW Alpha version
Q4 2018 — European launch
TEAM
Simon Zenios — Chief Legal Officer
Lucas Andrew H. — Chief Financial Officer
Steven Nonis — Solidity Developer
Stephanos Constantinou — CEO & Co-Founder
Christopher Zenios — COO & Co-Founder
Michael Jakobsen — Blockchain & Software Consultant
Chrysanthos Nonis — Security Penetration Officer
George Zachariou — Senior Security Officer
Constantina Samara — Senior Web Designer
Ben Boyadjian — Chief Analytics Officer
Anton Bogdanov — Cryptographer & Application Developer
Nikolas Konstantinou — Chief Networking Officer
ADVISORS
Stelios Stylianou — Author | Pro-Trader
Dinos Pastos — Blockchain & Security Specialist
Sydney Ifergan — Crypto Community Advisor, Expert at ICObench
Artur Oganov — Entrepreneur & Financial Advisor
Thank you for your time thus far. I hope you had a good read. I enjoin everyone to join in on the DIW project and become a part of the ICO. For more information about this project and to connect with other participant across the globe, please feel free to click on any of the following links;
ANN thread: https://bitcointalk.org/index.php?topic=2567416
Website: https://diwtoken.com/
Telegram: https://t.me/diwtoken
Twitter: https://twitter.com/diwtoken
Facebook: https://www.facebook.com/diwtoken/
Whitepaper: https://docsend.com/view/qr8a4u7
Published by:shhade