We are now moving towards digital era. Almost every sphere of our internet driven society is working digitally. Industries, institutions and organizations are now shifting from paper works to digital documentation. It may sounds really good that we are entering into the digital world. But unknowingly it is a huge loss for us. Our digital identities, files/documents are being used by someone else for some criminal activities without our knowledge. And even if our data is already been stolen/forged, there is no way to find it.
There are many incidents happened and happening around the world about document frauds, data leaks and hackers stealing millions of digital data. This hinders the growth of digitization in every sector of our society.
Today the world is in desperate need of a system which protects from document frauds. And thanks to V-ID project, which is aiming to protect our world from document frauds. Let's discuss about this revolutionary project in this article.
The Beginning
The V-ID project is developed by WIDIDI company. Since 2008, it is providing software solutions for data protection from cyber criminals to their clients.
It is important to note that the clients of V-ID project are Airbus defence and space, European space institute (ESHRE), Vitrumnet, HBO Drechtsteden and many others. Thus V-ID wants to become a key player in the fraud protection market. Thanks to blockchain technology; it's immutible, incorruptible and unhackable nature makes it possible to provide transparent and trusted document validation service. This creates a real world use case of blockchain and the project can be easily implementable in other potential areas such as:
• Institutional certifications
• Logistics sector
• Tracking sector
• Space and defence
• legal and government documents
• And for other multimedia materials
About V-ID Project
V-ID is a blockchain technology powered platform which protects our documents/files from forgery, digital crimes and any type of document manipulation. As we have mentioned above, the company successfully providing services to industries/organizations. V-ID acts as a document authenticator.
How it works?
For every organization/industry the security for their files/documents is in the first place. If the owner of a company wants to protect his documents then he need to register with the V-ID system. Here the V-ID does not copy the documents, as guided by the GDPR principles. Once the file/document registered into the system then it is verified through the verification terminal at https://www.v-id.org. After successful verification, the V-ID creates a report of verification; it represents that the document/file is fully authenticated by V-ID.
The report is in the PDF format which contains all the necessary details about the file, to whom it belongs, verification certificate and the blockchain timestamp data which represents the existence of file.
The file validation can be done in there ways; remote validation, onsite validation and onsite validation under the supervision of notary person.
To simply understand how V-ID works let's watch this quick video:
ICO details and timelines
• Token ticker: VIDT
• Total tokens: 100 million
• Token price: $0.2
• Softcap: $1 million
• Hardcap: $8 million
• Public sale dates: 15th October to 15th December 2018
Token distribution
Conclusion
It is happy to see that the real world application of blockchain projects like V-ID are emerging into the market. And I personally feel that V-ID will revolutionize the document protection market. Thus every persons, organizations/industries original documents are authenticated and protected from digital crimes. Thus original document creators gets their required attention and appreciation. It is a very promising project to invest and projects like this requires more attention.
Learn more about V-ID:
Website: https://www.v-id.org
Read Whitepaper: https://token.v-id.org/page/v-id-business-white-paper.php
ANN thread: https://bitcointalk.org/index.php?topic=4918204
Telegram: https://t.me/vidtoken
Facebook: https://www.facebook.com/V-ID-277311629500577/
Twitter: https://twitter.com/v_id_blockchain
Medium: https://medium.com/@pim_vee
LinkedIn: https://www.linkedin.com/company/v-id/
Reddit: https://www.reddit.com/r/VIDT/
Instagram: https://www.instagram.com/v_id_org/
YouTube: https://www.youtube.com/channel/UCh6xfbjMUeYFUO-2O_wRSBA
GitHub: https://github.com/V-ID/V-ID-Token
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
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