V-ID and Digibyte Improve Digital File Security Using Blockchain Technology

V-ID is a system that offers digital verification of a given document within five seconds of uploading it. It verifies whether the file is original and whether any manipulation has occurred on it. More people and organizations are relying on digitized authorizations which have led to an increase of people faking ownership.

According to DigiByte’s chief marketing office, Rudy Bouwan,

“It’s important to enhance cyber security and the use of the firm’s protocol by firms like V-ID is exciting. Such firms require safe and super decentralized transactions which DigiByte provides. Authenticating documents on the blockchain without entrusting it to a 3rd party will help reduce fraud.”

V-ID provides a platform where the true owner of a document can upload it and lock all the files in it. Since the documents will be on blockchain, they can be sent anywhere and to anyone without the threat of altering them. Once someone receives a document, they can verify it within 5 seconds and find out whether it’s original.

The platform doesn’t keep records of the documents which ensure that they remain with the true owner. The platform is a solution to some of the problems that have been a headache to many such as forging documents such as bank details, medical data and other ownership documents.

The V-ID platform will be powered by VIDT token with over 100million VIDT tokens in supply at 0.2 USD per token. The platform is already in use by big names such as Airbus Defense & Space.

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