What does it do?
According to the V-ID website;
“The VIDT API enables organizations to protect their digital data against fraud and manipulation. A simple but strong formula, that adds and protects value at minimum expense and effort. Our mission is to safely certify and secure all digital assets, so fraud and errors no longer hold back society’s innovations in digitalization.”
So how does V-ID do this?
“V-ID provides a service that detects any unlawful manipulation of any digital file. In order to make files verifiable, they must be validated. V-ID’s validation process involves extracting the fingerprints of files and saving them in the blockchain. If a file is changed with just one byte, pixel, character or anything else, the fingerprint is changed and V-ID will detect it 100%.”
Where does VIDT come into it?
Per the V-ID website;
“VIDT Datalink (VIDT) is what makes validations possible. V-ID appoints wallets to issuing organizations containing a balance of VIDT.
Every time an organization validates a file a VIDT transaction is made which records all necessary details (filetype, validation location, timestamp, identity). The VIDT token used in the transaction will be reducted from the validating organization’s wallet.”
V-ID has a growing ecosystem with many partners utilising their document validation service. Most notable include:
- CMS Law
- Price Waterhouse Cooper
- Douwes Fine Art
- Dutch Blockchain Coalition
At the time of writing VIDT is ranked 310th by market cap with a market cap of $25m.
Where can I buy it?
The highest volume exchanges are:
Other exchanges include:
Where can I learn more or join the VIDT community?