DigiByte (DGB) and V-ID (VIDT) have devise a blockchain-powered, on-demand, and secure verification of any digital file, making the platform say it has devised a solution to the 3rd largest criminal activity.
The innovation is designed to tackle continuous fraud, manipulation, and tampering of digitized files, which has been hampering trust on different digital platforms.
With the sophisticated V-ID data validation service and DigiByte blockchain, there seems to be a solution to different frauds on the digital surface.
In an announcement by Rudy Bouwman, Chief Marketing Officer and Core Member DigiByte, Co-Founder DigiByte Awareness Team, the V-ID concept was first thought of in the based in UK WIDIDI software studio, a firm known for building secure online platforms for sensitive information management since 2008.
At the moment, V-ID, which is out of the fold of WIDIDI, has designed a minimum viable product (MVP) and is at present used by firms like the Maritime Cyber Alliance, JWC Superyachts, fiber network Vitrumnet, WildRadar Fauna Management Platform and Airbus Defence and Space.
Once the new innovation is permitted, documents can be copied, renamed and distributed with the verified status still intact. With the blockchain innovation, recipients of the files can confirm that they have not been tampered.
V-ID is GDPR guidelines complaint since it does not demand personal data for validation or keep the actual file.
DigiByte (DGB) has been performing excellently in the space for some time now. The cryptocurrency has been winning accolades from far and near owing to its outstanding use cases.
Few days back, Today’s Gazette researched on the speed of the cryptocurrency and found that it surpassed Bitcoin and Ethereum combined.
No doubt the space for growth is clear for the altcoin, and reaching the pinnacle will not be tough.