Digital file security boosted by V-ID and DigiByte; Real world adoption of blockchain technology

von Satoshi Nakamoto · 25.09.2018

In our increasingly digitial society, we see a growing risk of fraud, manipulation, and tampering of digitized files. This risk is mitigated through the advanced V-ID data validation service and authentication on the DigiByte blockchain.

Once validated, documents can freely be copied, distributed and renamed, while still keeping their verified status. Recipients can verify in 5 seconds that the contents of the file are exactly the same as the originally published document. V-ID is also compliant with recent GDPR guidelines, as it does not store the actual digital file or require personal data for validation.

V-ID is an operational platform (MVP) and is currently in use by several organizations such as Airbus Defence & Space, WildRadar Fauna Management Platform, fiber network Vitrumnet, JWC Superyachts and the Maritime Cyber Alliance.

V-ID’s utility token, called VIDT, is the backbone of their business process. V-ID uses the most valuable characteristics of blockchain technology to solve a real world problem, in a way that was not possible with traditional technology principles. Validation works by storing records in the most secure way to date, and verification is possible by having these records publicly accessible. V-ID aims to become the market leader in file fraud protection, just like SSL has become for secure internet connections.

From left to right: Pim Voets, Lead Concept Design V-ID, Rudy Bouwman, CMO DigiByte, Frederik Meek, core member DGBAT, Ceciel van Helden, Lead Programmer V-ID, Wico van Helden, CEO V-ID, Marnix van den Berg, Lead Development V-ID

Marnix van den Berg, Lead Development at V-ID: “The DigiByte blockchain will empower the V-ID corporate services with great transaction speed at low costs. Combined with the immense spread of the DigiByte network, it is a superior store of publicly accessible and timestamped V-ID data”

According to Rudy Bouwman, Chief Marketing Officer at DigiByte and Co-Founder of the DigiByte Awareness Team: “Enhancing Cyber Security and making the Internet a safer place is a long-term mission of the DigiByte blockchain. We are excited to see the DigiByte foundational protocol being used by companies like V-ID who require fast, safe, and highly decentralized transactions. The ability to authenticate digital files without a third party will not only reduce fraud, but open the door to new opportunities and innovation.”

As part of V-ID’s funding strategy to scale up their activities, the token VIDT is currently available through their token sale, and will be listed on at least one exchange before Q1 2019. For additional information about this, they launched the website token.v-id.org.

About DigiByte and The DigiByte Awareness Team (DGBAT)

DigiByte is the fastest, most secure and most decentralized open-source blockchain. The DGBAT is a community driven marketing and education campaign to promote awareness and utilization of the DigiByte blockchain. For more information about DigiByte please visit www.digibyte.io. For additional information about DGBAT, please contact [email protected] or visit www.dgbat.org.

About V-ID

V-ID uses blockchain technology to end all document fraud. The V-ID validation service allows organizations to validate the identity of their documents. Those documents can then be verified in 5 seconds with any internet browser.