Decentralized Network Based with Blockchain Technology.

maiyi (3)in #cryptocurrency • 6 years ago

Every day, we create and store 2.5 quintillion bytes of data. In the last two years alone, we have created 90 percent of the world’s data! 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 U.S!

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 organisations; however, this raises the concern of security breach if an individual stores all private information in one place.

Organisations that offer password and information storing services use what is known as a centralised system. Centralised 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.

People need to store passwords and sensitive information in an easy-to-access location without the risk of security breach. This is now possible through the use of what is known as a decentralised system. This system solves the issue of a single point of failure on a centralised system. Instead of storing passwords and information in one centre that is monitored and controlled by an individual or a single organisation, decentralised systems are spread across many servers with no one person or individual entity having control over any data, eliminating a point of attack for hackers.

All of DIW’s functionality, features and level of security are only made possible because of Blockchain Technology.

DIW's decentralized network based on this technology is essential because it ensures consistency, transparency, security, swiftness and anonymity — aspects essential to every account holder with the desire to store and share sensitive information, including crypto currency wallets, EHR and financial information, looks to expand their reach, safeguard their interests and proceed with safe, trouble-free, day to day transactions.

https://bitcointalk.org/index.php?topic=2567416

The Five Phases of DIW’s project development:

● SECURE DIGITAL VAULT
DIW enables the secure storage of sensitive information such as identification documentation, passwords, bank account and credit card information, validated KYC or KYS related documentation, wills, as well as other valuable digital data within a highly encrypted, secure and private decentralised platform. The platform will also allow its account holders to securely share their data in part or in whole between them.

● PAYMENT GATEWAY
Provides a ground breaking and secure medium to website owners to accept payments, in any major currency, fiat or crypto, using the DIW single login decentralized platform. DIW’s Payment Gateway, will be an easily integrated checkout system for many ecommerce websites including those featuring Open-Source CMS such as WordPress and Joomla.

● GLOBAL DIRECTORY
DIW plans to introduce a global directory where account holders, be it individuals or organisations, will be able to list their services and expand their reach. The directory will feature a smart rating system increasing trust and transparency between account holders.

● PAID ESCROW
Another main feature of the DIW platform is the smart contract – based escrow service that will safeguard transactions between parties. The DIW paid escrow service, will be simple to use but at the same time sophisticated and smart, assuring that all transaction conditions have been met before releasing the funds.

● THE VISION / ELECTRONIC HEALTH RECORDS
It would be an omission for the entire project to ignore the critical necessity of security in regards to Electronic Health Records. 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.

After having participated in major Blockchain events in Europe and Asia and after having received additional advice from experts and advisors and also analysing comments and expressions of concern from our dear community members we wish to announce that our ICO, the last stage of our crowdfunding, will be delayed. You can read all about the seven reasons we are delaying our ICO in detail, further down.

The new ICO start / end dates will be the following (dates are speculative and subject to further change based on market trends):

ICO start: May 3rd, 2018
ICO end: May 31st, 2018

The decision was made with the project’s and supporters’ best interests in mind.

We wish to do the best we can making sure that our project will succeed in everything it set out to do.

This will safeguard as well as expand the value of DIW along with that of its Token providing the best possible return to all of its supporters.

To reward everyone’s trust and patience, we’ve decided to proceed with providing a 5% bonus to everyone whose contributed up to now.

The added 5% will be provided once DIW Tokens will be distributed to everyone. We estimate that this process will be completed before the end of this week.

Further instructions will be provided to the contributors very soon.

The decision to delay our ICO was taken based on the following seven reasons:

Downturn of Cryptocurrency market. Currently there is a ‘negative atmosphere’ surrounding cryptocurrency with their values having dropped by more than 50% within just a few weeks. Interest surrounding ‘Blockchain’ and ‘Cryptocurrency’ globally has fallen down to ¼ of what it was back in November 2017. New people and fresh cash have basically stopped coming in the market and there’s not much interest and excitement right now. The situation is expected to bounce back soon and that’s when we want to position our ICO.

There are a lot of major Blockchain events happening around the world within the next couple of months. Our management is planning to participate in some of these. This will add strain on our team and since we want to give our best to our supporters during ICO, we wish to have all hands on deck with no one missing.

We are in the process of translating our website in many major languages for maximum and localised exposure. This will take some time to complete, and because we want everything to be ready before the start of the ICO we’ll need more time.

Furthermore, we are in the process of securing more partnerships that will enable the actualization of our project in its entirety. This will boost trust and result in a successful ICO campaign. Once again, more time is required.

Our team members as well as the number of our advisors is expanding. New members will need proper training as well as some extra time to adjust to the project for maximum efficiency.

Our ICO Tier system will change from milestone based to time based. Our smart contract will be adjusted accordingly and re-audited. This will make it much more understandable and user-friendly to our ICO participants.

Lastly and most importantly, the added time will provide us with the opportunity to explore added solutions that will enhance the development of our project. This includes further finalisation of our project’s technical side of things and phase implementation.

Roadmap