CARRY YOUR LIFE ON THE BLOCKCHAIN WITH DIW


The Blockchain technology is being adapted and moulded to build new opportunities and improve quality of life by securing a decentralized network to store all their personal details and also utilize the cryptocurrency. The part of its appeal is because of its transparency, security of assets and transactions, these resources are irreversible, they can't be manipulated or the records can't be duped.
DIW IMPROVES INFORMATION SECURITY
Online surveys have shown that an average adult has over 27 discrete logins for accessing services such as social media, music platforms, shopping and banking. This kind of sensitive information should be kept on a platform or location such that it is easy to access and doesn't have the risk of a security breach.
IMPLEMENTATIONS OF DIW IN HEALTHCARE
The world is expanding and growing impatient with how they tackle healthcare, it has to be time saving and money efficient with the best possible services. Blockchain technology will provide all that along with keeping the records and all the data in a customised and user friendly environment. It is necessary to keep the records untampered with and are accurate, transparency offered by this would ensure that the trust between the parties isn't tested.
WHAT IS DIW
The word that the team of DIW is using to try and describe it in brief is "Virtual Life", where all aspects of a human's activities will be covered and secured.
Those that do join the DIW network can store and securely share their critical data. For premium members DIW will be developing and distributing their own hardware wallets, this on top of the security offered by the blockchain technology is ensuring unprecedented levels of security terming it 'Decentralized Security'. DIW identity holders can also transact with other holders via the DIW token for both businesses and individuals, the holders can initiate transactions based on pre-specified terms with no third parties monitoring or acting as intermediaries during the transaction being called as a "collect on delivery".
THE SPACES WHERE DIW WILL INITIALLY OPERATE
They have planned 5 phases for their development process
  • Payment gateway for crypto and fiat currency
  • DIW global directory
  • Healthcare
  • Secure digital vault
  • Paid escrow
SECURE DIGITAL VAULT
This platform would offer its account holders a highly encrypted and secure platform where personal documents, digital data and sensitive information and also allowing the account holders to also share data between them
PAYMENT GATEWAY
This allows paying and accepting in a decentralized manner in any major currency. Their primary login will include integrated plugins for wordpress and joomla websites by offering check out services by accepting payments in any cryptocurrency.
DIW GLOBAL DIRECTORY
To ensure there's trust between interacting parties this global directory would work as a rating system by assessing the holder's data quality, history of transactions. The profiles that would be verified by the KYC related data would be considered by the network as trusted.
PAID ESCROW
Paid escrow would work with the help of the smart contract which would ensure that the predefined terms are met before the final conditions are met which would increase the level of trust between the parties.
THE ELECTRONIC HEALTH RECORDS: THE VISION
After the previous phases are executed, the plan to safeguard medical data and records and updating them.
BLOCKCHAIN DRIVEN DIW, IT'S FEATURES THAT MAKE IT UNIQUE
Blockchain technology has ensured consistency, transparency, security, swiftness, and the freedom for every account holder to store and share sensitive information, thus making it a decentralized network.
DETERMINING FACTORS OF THE DIW TOKEN
A total of one billion DIW tokens will be made available. Its value will be influenced by the following factors-
  • Storage- The space for storage paid to the DIW holders
  • Escrow Service –Based on the smart contract
  • Crypto Payments- Upon using the DIW checkout platform
  • Currency- fluctuations in the demand and supply in the crypto community
The token will support the ecosystem as it will be only used for transactions within the DIW platform and shouldn't be considered an investment.
" VIRTUAL LIFE" MAKE THE SWITCH?
The prospect of having all your data secured and easily transferable while being completely secure is an exciting project that too on a single platform with every day to day use being stored on the platform, this is one of the very exciting new ways in which the blockchain technology and decentralization of new aspects of our networking systems is being revolutionized.
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Authored By: lanre0501

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