The DIGITAL IDENTIFICATION WALLET team has mapped out five development phases of the its project which includes Secure Digital Vault; Payment Gateway for Crypto and Fiat Currency; Digital Identification Wallet Directory; Paid Escrow and Healthcare. Let’s consider the five different phases and how it can benefit us investors and users of the platform.
SECURE DIGITAL VAULT
The DIGITAL IDENTIFICATION WALLET (DIW) is designed to provide its users a platform that is highly encrypted, secured and privately decentralized. With this, users will be able to store their digital data and their information that they consider personal, such information includes but not limited to credit cards, identification documents, passwords, bank details and any other sensitive information. On this platform, account holders will be able to securely share their data between themselves either in part or in whole.
The DIW team has mapped out plans on how to deploy the DIW network on a peer to peer protocol for data distribution, this they plan to achieve by making use of DIW approved storage providers. When considering storage of large files on this platform, the DIW platform enables the account holder to use traditional storage which will be provided by DIW; this will be at a very low cost and the account holder will have the opportunity to encrypt and register the file link in the DIW blockchain (vault) thereby having the ability to share and transfer this large files with other DIW account holders.
PAYMENT GATEWAY FOR CRYPTO AND FIAT CURRENCY
The DIGITAL IDENTIFICATION WALLET platform provides website owners with a new, exciting and secure platform for accepting payments in any currency be it crypto or fiat. Transaction charges or fees paid by website owners on this platform is extremely low compared with other platforms such as PayPal and Visa, actually the transaction fee is 70% less. This will give both medium and small sized businesses a level ground to compete with large organizations
There is a plan on ground by the team to include a free integration plugin for WordPress and Joomla websites which will help them to offer check-out services that will accept payments in any cryptocurrency. This will help the crypto community to expand its reach because it will bring about an avenue where digital tokens can be used for the exchange of goods and services. This platform promises to be one of the most secure and transparent wallet.
DIW GLOBAL DIRECTORY
This platform has a rating system which will be used for all DIW holders. This rating system uses a complex algorithm which accesses the account holder’s data quality, comments and review depth and history of transactions which will help in increasing trust between parties. The platform is designed in such a way that only profiles assessed by the network as trusted will be featured within the DIW directory. With this, high level of security will be guaranteed thereby ensuring trust between all listed DIW account holders.
This is one DIW feature I love so much because it helps in safeguarding transactions between parties. It is simply a smart contract based escrow service which will be simple to use and also sophisticated and smart. This feature will be used to ensure that all predefined terms are met before it will permit the execution of the final contract. This will help in increasing the level of trust and also help in improving transaction security between all parties involved. This is a proof that the DIGITAL IDENTIFICATION WALLET platform is a safe place to do business on.
In conclusion, the DIGITAL IDENTIFICATION WALLET is a safe place to do business on because of its high security and transparency. Think DIW, Think Security and transparency!!
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