DIW Token – Decentralize Security
There is a huge influx of digital data pouring in to our world.
Whenever an individual clicks a button, data is usually created. Everyday activities such as sending an email, making a call, sending a multimedia message, taking a photo, making a video or simply saying hello through a digital device results in the creation of data.
Moreover, and most importantly, the creation and exchange of digital data is the fundamental building block of our modern society.
The world’s global economy, the entire industry sector, governments, the shipping sector, aviation sector, education system, transport, media, religion; just about anything that moves on the planer is fully dependant on data creation and exchange. Without it, our world would simply seize to exist.
Unfortunately — as is always the case — people’s attention is always drawn when there is a lot of commotion around something. And when people are drawn into something, corrupt people are always on their heels.
It is evident that if an individual manages to get their hands into this huge data exchange provides them with a major advantage: The power of control.
Becoming ‘the middle man’ in this data exchange grands an individual with the power to alter the outcome.
It is understandable that there are great risks as well as long lasting implications should there is a data breach during the exchange of critical data and information, personal data, money or even sometimes, nuclear codes(!).
In regards to these woes, we will focus on the two main aspects of data breach:
How our society views and reacts to this danger.
How valid is the growing concern.
● Society Reaction
Everyday people are naturally concerned. Recent multiple Social Media account hacks have distributed millions of individual’s personal data with some of it resurfacing on the dark web. Financial-related details, personal identification details, taxation documentation, login information, health care information as well as private photos and videos have been stolen and distributed. Criminals are now able to track an individual’s whole life and anticipate their next move. This is both unprecedented as well as scary to say the least.
Industry professionals around the globe are also becoming increasingly weary in regards to the effect these data breaches may have on their businesses. And every year these concerns are becoming bigger and more valid.
According to a recent survey made by PWC, 40% of professionals are now worried for loss of operations, 39% are worried for the loss or compromise of sensitive data, 32% are concerned for damage to the quality of their products and a further 29% are even concerned about physical damages to their property.
On top of the individual and professional woes there are the woes on a governmental level. The FBI recently warned that ‘advanced persistent threat’ cyber attackers are increasingly targeting sensitive information stored on government networks globally through cyber espionage.
How valid are these concerns? What do the numbers say?
● A Valid Concern
At the time of writing, based on valid data available online, there were 9 billion data records stolen since 2013 with 96% of the data stolen perfectly usable and useful to the hackers. That’s a staggering 60 records per second!
During 2017’s first half alone, an estimated 2 billion records have been breached with government, technology, education and healthcare being the sectors most hit.
It is quite safe to say that this trend will continue and only get worse as the time passes by unless fundamental changes take place.
Blockchain — A Pioneering Solution
A new generation of entrepreneurs is adamant that by updating the underlying technology used today to store and share digital data, data can be better protected.
They have found that the issue lies with ‘centralisation’ and it seems that they are on to something.
Data today, is usually stored and controlled by ‘centralised entities’ with a single point of entry. It is only reasonable that criminals will target such entry points with all they’ve got and they won’t stop until they are successful.
So it seems that ‘Centralisation’ is another word for ‘Looking for Trouble’ when it comes to data security.
Here is where blockchain technology enters.
This technology is radical in that data isn’t stored on a centralised environment but rather spread along the entire network equally. No single authority or individual has any control over the data and there is no single point of entry for hackers to attack. The larger the network becomes, the less the chances that there is a data bridge. Even if an individual manages to corrupt or alter a file, they will only succeed locally and for a split second as the entire network will recognise the breach and rectify the situation immediately.
The DIW Solution
All of the concerns expressed at the beginning of this article are shared by the entire team behind DIW.
We too see the underlying unlimited potential of blockchain technology and wish to utilise it to combat global data breach woes at their core.
We plan to introduce a whole blockchain-based community or network where data breach and manipulation will be a thing of the past. All DIW members will be able to safely store all kinds of sensitive information in their fully private wallets with no one else having access to them. They will also be able to have immediate access to it as well as securely share their data in whole or partially with whomever they wish on the network.
DIW’s unique concept plans to solve global security vulnerabilities in regards to private sensitive data including ID Documentation, Bank and Login details, Wills and Healthcare records to name a few with the introduction of a Secure Digital Vault. Additionally, it will enhance the use of crypto currencies by developing a check-out system accepting all major fiat and crypto currencies, easily integratable on thousands of websites. Furthermore, it will introduce a fully transparent, trusted, global directory featuring a rating system where organisations and individuals alike will be able to do business swiftly, securely and with full confidence. The DIW Token will be the preferred method of payment throughout the DIW network.
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.
ICO Token Distribution
Crowdfunding Hard Cap: $ 28 000 000
Final ICO Price: 1 ETH = 8000 DIW
DIW Token Bonus Structure
ICO: May 3rd – May 31st, 2018
3 May* – 10 May
1 ETH = 10 500 DIWTokens
10 May* – 17 May
1 ETH = 9 500 DIWTokens
17 May* – 24 May
1 ETH = 8 500 DIWTokens
24 May* – 31 May
1 ETH = 8 000 DIWTokens
-ICO: 700 000 000
-Founders Tokens: 150 000 000
-Future Partners: 80 000 000
-Advisors & Partners: 50 000 000
-Bounty: 20 000 000
ICO & Token Technical Information
Pre-ICO: 06/03 – 20/03/2018
ICO: 03/05 – 31/05/2018
DIW Tokens Supply: 1 000 000 000
Tokens for crowdfunding: 700 000 000 (70%)
Hard Cap: 28 000 000 USD
Token Standard: ERC-20
Unsold Tokens: Will be Burned
Quarter 4, 2017
Quarter 2, 2018
Listing on Exchanges
Quarter 2, 2018
DIW Prototype Presentation
Quarter 3, 2018
DIW Alpha Version
Quarter 4, 2018
Visit DIW on
Technical Documentation: https://docsend.com/view/qr8a4u7
Bitcointalk Username: Kingsraid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1936096
ETH Address: 0x2611c981AdAb7109E26D0C1798e7B7F20764d5A3