DIW DIGITAL IDENTIFICATION WALLET

WHAT IS DIW?

The DIW project, is a revolutionary decentralized identification infrastructure which enables registered account holders, individuals or organisations, to securely create their online identification profile, that provides the capability to store, access and exchange, sensitive encrypted data.

Despite the fact that DIW stands for ‘Digital Identification Wallet’, there is no one way to accurately describe what DIW is. The idea behind it is boundless with our imagination being the only limit. The project will only expand over time.

DIW will also develop and supply its own Hardware Wallet which will ensure maximum security to demanding premium members. This, in conjunction with the security offered by blockchain technology provides unprecedented levels of protection and peace of mind; what we call ‘Decentralized Security’!

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 DIW GROUNDWORK

Basic groundwork includes the preparation of a decentralized network that will progressively host and protect its functions as they are added. This includes the development of a secure platform that will be compatible with all major browsers, accessible by most digital devices, including computers, tablets and mobile phones. Preparation work includes the design and development of a DIW Hardware Wallet.

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.

THE DIW AREAS OF APPLICATION AND PHASE DEVELOPMENT

Using a tactical approach to tackle our progress successfully, we have divided our planned development sections in 5 phases, which are :

Secure Digital Vault
Payment Gateway for Crypto and Fiat Currency
DIW Global Directory
Paid Escrow
Healthcare

SECURE DIGITAL VAULT

DIW intends to offer its account holders a highly encrypted, secure and private decentralized platform where they may store their digital data and personal information such as identification documents, passwords (key-locker), credit cards, bank details, as well as any other sensitive information (data traditionally saved on vulnerable centralised software that may be accessed by hackers or by its developers).

The platform will also allow its account holders to securely share their data in part or in whole between them.