Review-DIW

A Background in Blockchain Security As the name implies, a blockchain is a chain of blocks; bundles of data that record all completed transactions. Blockchain technology was launched back in 2009 with Bitcoin. With Bitcoin’s launch, the “double-spend” error was solved - an error that resulted in digital cash being copied and spent twice with a new, fraudulent currency amount being created as a result; an amount that previously didn’t exist. This model of money transfer was used by all banks and organizations that deal with digital currency transactions. In the physical world, an exchange of currency is handed over directly between two parties. However, when dealing with electronic currency there must be an authority that regulates and organises the transfer of currency between accounts (a middle man). This process of transferring currency has its drawbacks; one of which being the fact that the intermediary has control over the currency as well as the power to block or reverse transactions. This single point of control / failure when transferring funds leaves individuals open to intervention. There is also high probability that the intermediary authority gets hacked either from within the organisation or outside sources. The utilization of blockchain technology by Bitcoin, removes the need for an intermediary, allowing the exchange of currency directly between two parties. Now, instead of using a centralised account to process payments with the danger of that single point of failure, anyone may have access to the decentralized bitcoin blockchain directly. The security and monitoring of this network is not the responsibility or in the hands of a single authority or intermediary but rather it is maintained by the whole network. This network is not owned or hosted by any one individual or organisation. Failure as well as hacking is thus next to impossible. Fraudulent activity may be quickly recognised and discarded from the chain. Any type of such activity has a very low chance of success as no single party has more than a tiny amount of authority over the network, making it extremely difficult to hack or manipulate any records as the rest of the network would be aware of that. A blockchain network is also transparent, offering uninterrupted visibility to all digital files and transactions that have ever been recorded within the chain, thus cancelling out the possibility of any party double spending currency or hiding any records. Overall a blockchain network features the following advantages:

The Problem & Future of Information Security 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 organizations; however, this raises the concern of security breach if an individual stores all private information in one place.

Areas of Application

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.

The basic framework includes decentralized networking preparations that will gradually expand and protect their functionality when added. This includes the development of secure platforms that are compatible with all major browsers available for most digital devices, including computers, tablets and mobile phones. Preparatory work includes designing and developing DIW Hardware Wallet.

DIW holders may also prepare, download and maintain on the network all documents required for KYC or KYS procedures. As more organizations ask for such information.

Payment gateway for Crypto and Fiat currency

Payment gateways provide a safe and attractive new environment for website owners to receive payments in large, fiat or crypto currency, using DIW authorizations in a decentralized platform system. Payments for transactions are paid by website owners on the DIW token, and according to our estimates, commission commissions will drop by 70% less than traditional payment systems (eg PayPal, Visa), which help small and medium businesses compete with large organizations. Our major launch will include a free integration plugin for WordPress and Joomla sites, which offer services to receive payments in any crypto currency. Our goal is to help the crypto community expand its reach by enabling digital token exchange for products / services for any business, small or large.

Pay with Escrow

Another key feature of the DIW platform is the smart contract - based on the deposit service, which will protect transactions between the parties. Paid service deposit DIW, will be easy to use, but at the same time complex and intelligent. His work will ensure that all specified conditions will be met before the issuance of a permit for final contract implementation. This service will increase the level of trust, as well as security of transactions between all parties involved, thus making the Diw platform a safe place to do business.

ecosystem

The DIW ecosystem consists of 1,000,000,000 (one billion) markers. We believe that one marker will be called "DIW" and will be represented by the diamond symbol "◊".

The value of the DIW marker will depend on the following conditions:

The private ICO will work for each participant, which will be approved by DIW, upon submission to the Whitelist. They will receive the markers, before the commencement of ICO. The remaining markers will be publicly available during the official sale. Unsold tokens at the end of the ICO period will be burned (destroyed).

Structure of ICO Bonus