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DIW : DIGITAL IDENTIFICATION WALLET

DIW is powered by #alcaeuslabs, online business solution provider and is founded by Stephanos Constantinou.

With this blog I will cover :

The Principle Behind DIW
The Core applications of the DIW project
The Problems that are covered within DIW
The Vision of the DIW

Executive Summary of DIW Project

When I went through the #WhitePaper & DIW website then I realised that this is the next best thing in the crypto world. The project has been taken to the next level with the security of our life assets and healthcare assets as well. The whole idea can be plotted as - one unique wallet where you can store your life's important stuff (viz., passwords, digital documents) this includes critical documents like passport, KYC docs, and any other important document that carries personal info etc. Apart from this you can also protect your health care records over this wallet.

What makes it so different anyway? The project, being decentralised in nature allows you to surf though the bridge that they are creating in real life and your virtual assets and thus making it very easy for you to access all the time. The main goal is to protect your information from the fraudster websites and other organisations which may or may not secure your data as rigidly as #DIW can.

If you think thats all you will get from the DIW then stop right there because there is something more that can be availed from he DIW alone. The next big thing is they are planning to introduce the Digital Wallet of their own from where you can easily do the payments either in the #fiat or #crypto mode on any e-commerce site that may affiliate with the DIW in the future. Thus, you not only get security for your assets but for your transactions also thus securing your valuable money too.

Thus, I believe #DIW is astounding project with wider capabilities than any other project like this. However, this is unique concept and you will find all these features in premium way only at https://www.diwtoken.com

1) The Principle Behind DIW

The Bridge : DIW is going to blend the real world and virtual assets that can be stored on the digital wallet of the DIW. This will be achieved with the help of blockchain technology and using their own utility token that is #DIW in first place within the ecosystem generated via this process. Thus, using of the blockchain technology and related assets DIW will be able to create the anonymous network to synch with the secure wallet where they will be storing the important assets of their life.

As we go on using the DIW tokens this adds up more security in the ecosystem as it will be anonymous and completely secured with the KYC verification. Only user with valid KYC/KYS information will be able to surpass the security of vault thus making it even stronger vault.

2) The Core applications of the DIW project

Obviously without any applications there is no use of any project and if the applications are not moderate enough then such project is vein to use. But, DIW takes all the efforts to improve the traditional usage of digital wallets, storage of health record, secured payment gateways, and much more to visualise.

Here, I put forth the great ways of using the DIW and also talk about the different digital visions of this project.

A) Digital Wallet : After going through different projects I have always seen the bluffing protocols which talks about the high security of the wallets and how we can store the tokens on such wallets. However, the world is moving very fast and we don't just want to store the tokens which may not be worth anything in future but what we need is a wallet which can securely transfer all the kind of digital documents or any assets that are critical to leave unattended in our real life. Such provision is made by the digital wallet that is DIW : Digital Identification Wallet.

This can be considered as multilevel wallet where you can digitally store documents like KYC documents, your wills, confidential login credentials and much more. Thus giving you all the space in a decentralised network at your finger tip!

With such wallets you don't even need to get worried about the sending of documents insecurely because you can do this right from your wallet on peer to peer principle and thus making it completely anonymous for you and your partners.

A) Payment Gateway for Crypto and Fiat Currency :

Whether you are business owner, website owner or buyer for instance, the DIW is unique platform with Single Decentralised login ability to checkout or implement the payment gateways. If you are tired of the traditional gateways such as Paypal, MasterCard, visa etc then be worry free now because the DIW works on the principle of single login checkout thus giving you hassle free payments.

This express checkout option can be implanted for free when the project is in initial stages and can be applied on the Wordpress and joomla sites. This option is available universally and thus you can accept any crypto currency as purchaser while you can buy things with any crypto currencies or even fiat if you are buyer.

C) DIW Global Directory :

Have you ever wondered how DIW technology can make your business grow ? How technology based on the blockchain can actual give you high trust and earn faith amongst the large community ? Surprised? Then you should be seeing the all new feature of the DIW called as DIW GLOBAL DIRECTORY

So what is so special about this directory and how it is helping the business to stand out amongst the crowd? Well, this tech works on very complex algorithm that is exclusively created by the DIW team. The algorithm verifies each and every business or individuals KYC/KYS documents to give the validity to them and thus ratings are provided. The more the KYC verification the more ratings are made thus making the individual rating stronger and transparent.

This directory will be public but only DIW holders will be able to access the directory promptly.

D) Paid Escrow :

Are you wondering that how you transactions are safe with the DIW. I mean you might be thinking that I am going to implement the payment processor on my E-commerec but hey come on, that is the decentralised network and everything is going to happen peer-to-peer way. So am I secure ?

Well, the simple answer to al your questions is "Yes, it is secured with the Paid Escrows of the DIW". The all new concept that is taking the way of transacting to all new levels and security measures.

Whenever there will a transaction that will initiate through this system, that will go through the paid escrow services who will then monitor the whole terms and conditions of the transaction. Once they are confirmed with all the agreements then they will relates he payment securely to the next party. This way it is more secure and confirms instantly with very low escrow fees.

3) The Problems that are covered within DIW

DIW is very extensive project who has worked on the real life problems like digital information storing issues and the very important one, healthcare record keeping. According to study conducted by various institutes said the DIW, "It is getting very risky to store the valuable information on the digital organisation which are centralised and thus accessible by fraudsters and hackers very easily". Apart from these it is surveyed that there is huge data generation going on everyday and on an average one individual is having more than 20 passwords or important credential on his mind which can not be managed by all himself without using the third parties. Thus, when it comes to storage of such viable information then #DIW has taken leap forward to manage this through their digital vault as we discussed aforementioned.

Furthermore, they have also surveyed that out of 3 there is 1 individual who always rely on the smartphone for the health related information and thus it is getting very important asset to include in any platform and provide information through such platform. Here also, DIW has revolutionised the way we can store the healthcare records and this can be clearly seen from the #Vision of the DIW that is covered furthermore in this blog.

4) The Vision of the DIW

As mentioned by the #DIW vision quoted as below :

Our vision is for DIW to encompass this sector by enabling the encrypted storage and secure sharing of personal EHRs between account holders and validated laboratories, pharmacists, doctors or other healthcare professionals with the additional option of utilizing smart contract technology already featured within the DIW network.

They are willing to create a decentralised EHR records which can be accessed over this network by only registered DIW holder. Thus it can be transmitted safely and in anonymous ways. DIW is planning on this by approaching the healthcare professional and show the decentralised foundation principle to them.

This technology will not only be related to the healthcare professional and patient but also the scientific explorer who will be able to assess the medical information and help grow their research field. In turn to all these multi step engagement payment options can be made available in terms of DIW tokens, and rewards can be given in the similar fashion.

So my fellow readers it was great explaining this project to you and I also had the in depth analysis prior writing this blog. After going through all the concepts I am myself sure about the success of this project and thus I can assure you to invest into them. You can help them grow and you can follow the success path for your own good as well.

The Specification of the DIW Tokens :

Tokens Available for ICO

There is fixed amount of quantity that is 700 000 000 DIW
When the ICO will reach at the end of their sale then then the projected Final ICO Price is
1 ETH = 8000 DIW

The break down for different stages of the ICO can be made as shown in the below image.