DIW
grimjoever
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.
The Team Behind DIW: Alcaeus Labs
Since the project’s conception, DIW has been working hard and, thus far, we have gotten some great feedback which makes us quite excited for our upcoming ICO. All this would probably not have been possible without the help of our distinguished team: Alcaeus Labs. Alcaeus Labs is a company providing complete online business solutions by utilizing the latest technologies and trends of the contemporary world. Its area of expertise lies in blockchain solutions, web based applications, web design, internet marketing & SEO.
The team is made up of diverse individuals, each in their own field of expertise but have one thing in common — a background interest in blockchain technology and the crypto world, prior to backing DIW. We knew therefore that we would not go wrong by joining our heads with them, and we were right!
Stephanos Constantinou, Alcaeus Labs’ CEO and Co-Founder, mentioned that: “When assessing the issues that the digital world faces, such as data breaches & online fraud, along with the limited ability to utilize cryptocurrency, it occurred to us that something actually marrying the two should and could be done. DIW came up with the solution and we felt inspired to step in helping out towards the actualization of the project”.
As we have mentioned in our Whitepaper, the project’s main functions which line up to tackle the above mentioned issues (chronologically), are the Secure Digital Vault, the Global Rating System, the Payment Gateway and the Smart Contract based Escrow service. “Ultimately the vision of DIW is to incorporate the Health Care sector, by enabling the encrypted peer-to-peer storage and secure sharing of personal EHRs between account holders and medical professionals,” adds Stephanos.
“We are incredibly enthusiastic about DIW! By simply creating and maintaining an account on the DIW platform, one will finally have complete control of their own digital world!”, says Alcaeus Labs’ COO and Co-Founder Christopher Zenios. “It’s been just over a month since going live with the DIW project, and we are all well on our way to implement all aspirations of DIW”.
It is a privilege to have acquired such a fruitful cooperation with Alcaeus Labs, we are certainly looking forward to the journey that is expecting us with them.
Alcaeus Labs proudly announces partnering up with and sponsoring the University of Nicosia’s March 16th roundtable event.
Further to sponsoring the event, our COO, Blockchain Architect and PR Manager have joined the event with our COO, Christopher Zenios, being one of the speakers.
DIW & Healthcare
Keen to proceed with its project and materialise all of the project’s phases, DIW is proceeding with major collaborations and partnerships that will actualize the entire project as soon as possible.
We believe in blockchain technology and wish to see it flourish more than anything. One of the sectors that we feel will benefit the most from the technology, is the medical industry. Transparency, accuracy and instant Electronic Health Record availability will contribute greatly to the noble effort of saving lives across the planet. In any case, any place, be it a medical emergency or pre-planned operation / medical procedure, for any given medical team, having direct and instant access to accurate and current medical records is a matter of life and death for the patient.
That’s why we took it upon ourselves to add the Medical Industry to our Global Directory first.
Bringing the Blockchain Revolution to Healthcare
The University of Nicosia shares our passion and forward way of thinking. That’s why, their Blockchain Initiative and Medical School has partnered up with us and has held an exclusive, by invitation only, roundtable event on the 16th of March titled ‘Bringing the Blockchain Revolution to Healthcare in Cyprus: An Opportunity and an Inevitability’.
The roundtable considered the future impact of blockchain technology on the Electronic Health Records system and was exclusively sponsored by Alcaeus Labs, DIW’s core initiative.
Government officials, healthcare professionals, insurance representatives and blockchain experts attended the event.
Highlights of the Event
Dr Spyros Makridakis, one of the University’s directors, gave the welcoming speech.
He highlighted some staggering statistics regarding the ineffectiveness of the global health care sector when it comes to correctly diagnosing and treating serious medical conditions. It seems that most doctors are unable to correctly diagnose what the patient is suffering from, with the result being loss of time, loss of funds, loss of quality of life and ultimately, loss of life. He clearly stated that something has to change in order to build trust between medical professionals. They need to start communicating better between them, advising one another and consequently having the humility to accept that advice if it’s sound. They also need to keep themselves updated with the latest medical advancements, get their hands on accurate medical studies as well as being able to exchange knowledge and experience between them. Another area in need of improvement is that of the standardisation of test results so that these may be widely accepted. The last area in grave need of improvement is that of drug production and supply. Dr Spyros was adamant that AI and Blockchain technologies will enable the medical industry to advance like never before.
Dr George Giaglis, another one of the University’s directors, gave the second speech entitled ‘An Introduction to Blockchain Technology’.
The initial purpose of the speech was to familiarise all attendants with Blockchain technology as many of the participants were of medical background. He highlighted the benefits of utilising AI technology with Blockchain.
Some of the benefits highlighted regarding Artificial Intelligence where:
- Faster image recognition when it comes to X-Rays
- Faster data analysis for faster diagnosis
- More accurate diagnosis
- Faster drug discovery
- Human error limitation
Some of the benefits highlighted regarding Blockchain technology where:
- Trust
- Immutability
- Standardization
- Safety
- Reliability
- Transparency
- Privacy
- Time /date stamp on all records
- Smart Contacts
Additional comments made included a reference on how records kept on the blockchain should be appealing to leading doctors as they will be able to proceed with diagnosis and treatment much faster having access to the patient’s accurate historical records.
Insurance companies will also be excited about this development as the technology will make it difficult for fraud to take place (if a patient tamper with their records, the benefits will be short-lived as they will eventually receive the wrong treatment somewhere down the line!).
Finally, and most importantly, blockchain technology will provide the power back to the people — patients in this instance — as they will be the owners of their data and only with their consent will these be disclosed.
Concluding, Dr George indicated that basically, there is no aspect of human affairs that won’t be disrupted by blockchain technology and that the real impact of the technology will be felt within the next 20 years.
The third speech, titled ‘Exploring Blockchain Technology in the Healthcare Sector’ was introduced by Dr Yiannis Karamitsos, a senior digital transformation technologist with Orange Business Services.
Dr Yiannis is one of the main people responsible for the application of Blockchain technology within Dubai’s medical system. He was able to share his ‘hands on’ experience as the initiative was introduced back in 2016 with the program running successfully since then.
Practically, major medical institutions in Dubai are now sharing their patients’ medical records as these are found within their respective servers through a private blockchain network. Of course, it is up to the patients to allow the exchange of the data as they are the ultimate owners.
Some of the challenges that had to be dealt with in applying blockchain technology where:
1. Uncertainty as the technology is new, thus currently sailing in uncharted waters.
2. Scalability due to the way blockchain’s distributed ledger works. This was partially solved, by keeping the data encrypted and stored within the individual hospital servers but keeping owner information as well as composition and address of the data on the blockchain.
3. Standardization as — once more — it’s a new technology and there are no agreed standards regarding different medical records, neither is there a protocol governing these on a blockchain network.
4. Regulatory as blockchain technology is still generally unregulated.
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
Phase One:
3 May* - 10 May
1 ETH = 10 500 DIWTokens
Phase Two:
10 May* - 17 May
1 ETH = 9 500 DIWTokens
Phase Three:
17 May* - 24 May
1 ETH = 8 500 DIWTokens
Phase Four:
24 May* - 31 May
1 ETH = 8 000 DIWTokens
Fund Allocation
-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
Symbol: DIW
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
Participation: ETH
Token Standard: ERC-20
Decimals: 18
Unsold Tokens: Will be Burned
Roadmap
1
Quarter 4, 2017
Whitepaper
2
Quarter 2, 2018
ICO
Listing on Exchanges
3
Quarter 2, 2018
DIW Prototype Presentation
4
Quarter 3, 2018
DIW Alpha Version
5
Quarter 4, 2018
European Launch
Visit DIW on
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Medium/Blog: https://medium.com/@diwtoken
Writter:
Bitcointalk Username: grimjoever
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2083935
ETH Address: 0xBD0c860C36433bbF2FD1ae6Dae79F56FaF3Fe33A