DIGITAL IDENTIFICATION WALLET

in diw •  7 years ago 

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There are quite a number of issues plaguing our modern world in term of digital data security, such problem as:
(a)Increasing Online Fraud-it is now extremely difficult to Find trustworthy and reliable individuals and businesses to work with on the web as many people and businesses are being scammed every now and then.
"A recent report revealed that 75% of the companies included within a global survey had fallen victims of fraud,
with 69% of these suffering financial loss. "
. The number of attacks on individuals is considerably higher, as they are much less prepared, thus more prone to attacks.
(b)Data Breaches: -every now and then, there are global report concerning sensitive data intercepted or stolen, this affects both businesses and individuals leaving them with grave/unbearable consequences.

DIW CORE FUNCTIONS
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In all of these, here is the goodness , DIW intends to provide the bridge that will solve all previously mentioned issues with the introduction of its global, blockchain based, decentralized network, which was complete with its own ecosystem and currency.
Organizations and individuals around the world will be enable to partake and trade their services in the form of a Global Directory. Access to the network is only provided to legitimate and confirmed holders who would have filled KYC / KYS documentation. DIW holders will be given privilege of accessing the network anonymously, gaining access to a Secure Vault,where they will be able to safely store their whole ‘Virtual Life’ including sensitive documents such as passports, contracts, electronic health records and login details.
In order to ensure higher level of security, the DIW Token will be used and accepted throughout the network for transactions between its members.
premium members will enjoy additional services such as encoded storage solutions, digital contract-based escrow services as well as a hardware wallet for enhanced security.
above all, DIW shall introduce its own Payment Gateway that will be easily integrated within e-commerce websites accepting both fiat and Crypto currencies enabling daily usage of crypto-currencies with the DIW Token being the most ideal form of payment. This is awesome
from the above core functions, it is no doubt that DIW project comes with an endless posibilities

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