DIW – SECURING AND DECENTRALIZING YOUR DIGITAL LIFE

teejayrichard (0)(1)in #cryptocurrency • 6 years ago

Data fraud is a growing topic of discussion on the global scale and has caused a lot of stir on the digital world, users and investors are now getting scared to invest in the market due to worrying issues of privacy and security. Data breaches have really advanced in recent times with an increasing amount of sensitive data being intercepted or even stolen globally thereby taking its toll on individuals and businesses alike, sometimes with consequences that are unimaginable both on and offline.
In a time span of 12 months the total market cap of all crypto-currencies has witnessed a significant increase, but however crypto-currency is solely used within the crypto community and online exchanges; not in real-life hence limited usage.

DIW AS THE SOLUTION
TE DIW team plans to solve every problem previously mentioned with the introduction of its global block-chain based decentralized network with its own complete currency and ecosystem. DIW holders can access the network in an anonymous state gaining access to a secure vault where they can securely store their entire ‘Virtual Life’ including sensitive documents such as passports, contracts, electronic health records and login details.
Several Organizations around the world would be able to effectively take part and exchange their services in the Global Directory form, and access to this network is only granted to valid account holders who have had their accounts confirmed by filling the KYC/KYS documentation. There will be full transparency on completion of transactions and all network members will be able to see each other’s life performance in the form of ratings. Our DIW token will be used throughout the network to enable transactions between members enabling tighter security and additional services such as encrypted storage solutions, hardware wallet for enhanced security and encrypted storage solutions.
What makes this more interesting? DIW plans to introduce its own Payment gateway which will be easily integrated within e-commerce websites accepting both fiat currencies and crypto-currencies thereby enabling the utilization of crypto-currencies in everyday life, with the DIW Token being the most ideal form of payment.

THE PROBLEM AND FUTURE OF INFORMATION SECURITY
Daily we create and store 2.5 quintillion bytes of data and in the last two years alone we have created 90 percent of the world’s data with the amount of data created on digital information platforms daily is eight times greater than the information stored in all of the libraries in the US.
People create and access data via different digital personal devices daily, with data and information being stored in various databases and clouds, in services such as the social media, music platforms, banking, shopping and much more. According to an online survey, with more than 2,000 English speaking adults participating, the average person has 27 discrete online logins. As we store more and more data in various locations we rely on a growing number of passwords to access our information. It is possible to store these passwords along with other sensitive information with various online organizations; however, this raises the concern of security breach if an individual stores all private information in one place. Organizations that offer password and information storing services use what is known as a centralized system. Centralized systems are currently the most widespread models for software applications. The system gathers and stores all data at a single centre, with all individuals being dependent on this infrastructure, as well as expecting it to protect their personal data. This dependency results in a single point of failure that is vulnerable to hacking or corruption.

WHAT IS DIGITAL IDENTIFICATION WALLET (DIW)
There is no way to accurately define DIW; the idea behind it is boundless with our imagination being the only limit and the project will expand over time. It would really be difficult to describe it but the closest expression which comes to mind is that DIW is ‘Virtual Life’ a project that will eventually encompass all aspects of human activity.
DIW is a personal decentralized identity service which enables registered account holders to securely access and store sensitive encrypted data utilizing the block-chain power. We will also develop and supply our own hardware wallet which will ensure maximum security to demanding premium members and this in conjunction with the security offered by block-chain technology provides unprecedented levels of protection and rest of mind.

ADVANTAGES OF THE DIW DECENTRALIZED COMMUNITY
• Efficient, swift and cost-effective transaction processes.
• Ultimate security to the account holder via the utilization of a hardware wallet.
• Complete freedom to transact via any form of currency, digital or fiat.
• Single access to an endless doorway.
• Access to support provided by a large, global community.
• Secure peer-to-peer protocol for the distribution of sensitive data includingpersonal electronic healthcare records.

THE DIW GROUNDWORK
The preparation of a decentralized network that will progressively host and protect its functions as they are added is a basic groundwork and this includes the development of a secure platform that will be compatible with all major browsers and accessible by most digital devices including computers, tablets and mobile phones. The development and design of a DIW Hardware wallet is a major preparation work.
Users will be able to opt whether they will be using a Hardware Wallet right from the get go - whilst they will be opening their new DIW account - something which will provide them with additional protection. For DIW account holders that never used a hardware wallet with their accounts before, the possibility to do so will be offered at any time it is deemed necessary or whenever maximum protection is needed.

WHAT AREA CAN DIW BE APPLIED?
We have divided our planned development sections into 5 phases which are:
• Paid Escrow
• Secure digital Vault
• DIW Global Directory
• Healthcare
• Payment gateway for Crypto and fiat currency

SECURE DIGITAL VAULT
We have an intention of offering our account holders a very highly encrypted, secure and private decentralized platform where they can store their digital data and personal information such as identification documents, credit cards, passwords (key-locker), bank details as well as other sensitive information. Users will also be able to share their data in part or whole between them.

PAYMENT GATEWAY FOR CRYPTO AND FIAT CURRENCY
Using the DW single login decentralized platform websites owners will be able to accept payments in major currency either fiat or crypto and we also provide a new and secure exciting medium for these owners to exploit this benefit. Transactions fee paid by website owners having been paid inDIW token and according to our estimates will be charged up to 70% less in transaction fees than the traditional payment mediums (pay-pal, visa etc).
Our primary launch will include a free integration plugin for WordPress and Joomla websites, offering check-out services accepting payments in any crypto currency. 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, small or large, and by helping crypto currencies become widely available and easily usable in everyday life.

HOW DOES IT WORK?
A DIW holder be it a patient or healthcare professional will have the ability to store, update and transfer sensitive health records by using the DIW healthcare module within the platform, and all EHR will at all times be highly encrypted, secured and privately stored within the block-chain network.
EHR can be transferred from healthcare professional to the patient using their personal digital wallet receiving address; both parties will then have access to the EHR and the healthcare professional will pass on administrative rights of the EHR to the patient providing them with the power to disengage the healthcare professional at any time.

TOKENS CREATION AND DISTRIBUTION
For crowdsale, we invite individuals and/or organizations that believe in the DIW project and subsequent ecosystem, to participate in the initiative, and buy the DIW token. Out of the one billion pre-mined tokens issued, 700 000 000 (70% of the DIW tokens) will be made available during crowdsale. All unsold tokens will be burned at the end of crowdsale. The DIW token will also support the DIW ecosystem – as per our proposal - since it will be used for transactions within it further boosting its value.

• 70% - ICO
• 15% - founders tokens (12 months vesting/2 months cliff)
• 5% - Advisors and partners (12 months vesting/2 months cliff)
• 2% - Bounty
• 8% - Future partners
A private ICO will be run for selected contributors which will be approved by DIW, following their submission for the Whitelist. They will be receiving their tokens, before the start of the ICO. The remaining tokens will be available to the public during the official crowdsale. Unsold tokens at the end of the ICO period will be burnt (destroyed). Additionally, the percentage burned will also be matched across other allocations mentioned above, to avoid inflation.

TOKEN IN NUMBERS

Screenshot (100).png

ICO BONUS STRUCTURE

Phase One
1 – 100 000 000 Tokens
Phase Two
100 000 001 – 200 000 000 Tokens - 1 Token = 0.000095
Phase Three
200 000 001 – 300 000 000 Tokens - 1 Token = 0.000105
Phase Four
300 000 001 – 400 000 000 Tokens - 1 Token = 0.000115
Phase Five
400 000 001 – 550 000 000 Tokens - 1 Token = 0.000120
Phase Six
550 000 001 – 700 000 000 Tokens - 1 Token = 0.000125
Total tokens available for ICO is 700 000 000

Hardcap
For the ICO, our aim is to gather from contributing participants the equivalent of 28 million USD in Ethereum. The ICO will be terminated once the hardcap target has been achieved. This will be affected by the price fluctuation of Bitcoin and Ethereum.
All unsold tokens will be burned at the end of the ICO and the percentage burned will also be matched across other allocations mentioned above to avoid attention.
Token distribution prior to the ICO will be sent manually. Token prices will be based on the table above. If for example the first 80 000 000 tokens are obtained prior to the ICO, then only 120 000 000 will be available at the lowest price when the ICO will start. So the smart contract will be adjusted based on the number of tokens initially obtained prior to the ICO and will then be uploaded on blockchain. Token Distribution Dates for Pre-Sale and Public ICO: Will be announced on our official website.

FUND ALLOCATION
The breakdown below suggests a rough estimation of how funds raised during crowd-sale will be allocated:

• 60% will be reserved towards project design and development
• 15% will be allocated for sales, marketing and community management
• 5% for legal consultation / expenses
• 5% towards administrative expenses
• 10% towards operational costs, including office rental, equipment, servers, etc.
• 5% towards the redundancy fund.

ROADMAP