VIDT Datalink

The history of VIDT Datalink (VIDT) is marked by its development as an open-source platform focused on verifiable trust for the Web3 ecosystem. The VIDT DAO Web3 platform aims to bring trust into processes by making data and documents verifiable using blockchain and timestamp technology. This technology has been used by several notable organizations such as Procentec, Nyenrode, AmSpec, DeGO, Amsterdam Vintage Watches, and IBM.

VIDT Datalink is deployed on two blockchains: as BEP-20 on BNB Smart Chain and as ERC-20 on Ethereum. The utility token, VIDT, is used in transactions for validation, recording file hashes, timestamps, and blockchain addresses.

The VIDT DAO is a decentralized third-generation blockchain validation ecosystem controlled by its community and stakeholders. It has various components, including the VIDT DAO Incubator Treasury, the VIDT DAO Audit Committee, and the VIDT DAO Awareness Team, which work together to ensure the strategic and commercial development of the project.

The VIDT DAO technology is open-source, compatible with major programming languages, and easy to integrate into software platforms. It allows users to securely store digital data on the blockchain, capturing provenance records, transfers of ownership, and preventing fraud. The protocol facilitates the integration of VIDT DAO with programming languages such as Python, JavaScript, and Java, making it a versatile tool for developers.

VIDT Datalink has a circulating supply of 770,011,370 VIDT and a total supply of 1,000,000,000 VIDT. Its market capitalization has been reported to be around $22,977,139.

VIDT Datalink (VIDT) is a blockchain-based data verification network designed to safeguard digital documents and ensure data integrity. Here's how it works:

1. API Integration: The VIDT API allows users to upload their encrypted files into the blockchain. This API supports all major programming languages such as Python, JavaScript, and Java, making it accessible and flexible for various businesses and organizations.

2. Hybrid Anchoring Technology: VIDT employs hybrid anchoring technology, which involves using special scripts to add data to the blockchain. This process is facilitated by smart contracts, ensuring secure and efficient data anchoring.

3. Timestamping: VIDT enables companies to timestamp their digital assets, such as documents, certificates, and NFTs, in one or more blockchains. This ensures the integrity and authenticity of these assets by recording their creation and modification dates.

4. Publishers and Data Types: Companies or individuals that upload data to the VIDT Datalink network are referred to as publishers. The types of data that can be uploaded include digital art, documents, invoices, sensor data, and more.

1. File Fingerprinting: When a file is uploaded, it is subjected to fingerprinting, which creates a unique hash that is stored on the blockchain. This hash serves as a digital fingerprint, allowing for easy verification of the file's authenticity.

2. Validation Methods: VIDT offers several validation methods, including validation services, self-validation, and bridge validation. These methods ensure that files are verified securely and efficiently, detecting any changes or tampering.

1. VIDT Token: The VIDT token is the native token of the VIDT Datalink ecosystem. It is used as a payment tool within the platform and has a maximum supply of 58.5 million tokens, with 49.4 million in circulation. The token exists on both the Ethereum and Binance Smart Chain networks as ERC20 and BEP20 tokens, respectively.

2. Use Cases: VIDT tokens are used to cover payments within the platform, making them essential for all transactions and processes on the network. The tokens also play a crucial role in creating and verifying NFTs, which are used to confirm the legal ownership and authenticity of physical items.

VIDT Datalink has real-world use cases across various sectors, including:

• Data Protection: VIDT helps protect digital assets from manipulation, ensuring their integrity and authenticity.
• NFT Creation: VIDT enables the creation of verified NFTs, which are used to confirm ownership and authenticity of physical items.
• Supply Chain Management: VIDT is used in supply chain management to ensure the provenance and integrity of goods from production to delivery.
• Academic Records: VIDT is used to protect academic records, ensuring they remain untampered and verifiable.

Overall, VIDT Datalink provides a secure, decentralized, and transparent mechanism for data verification and NFT creation, making it a valuable tool in various industries.

The token VIDT Datalink (VIDT) has several strengths that make it a promising project in the cryptocurrency market. Here are some of its key advantages:

• Convenient Functioning of Blockchain-Based Validation: The VIDT Datalink validation process involves extracting the fingerprints of files and saving them on the blockchain, ensuring secure and tamper-proof data storage and verification.
• Data Binding: The file information is saved on the V-ID platform, and the digital fingerprint is stored on the blockchain. This process requires certain conditions to validate the file by the blockchain, ensuring data integrity and authenticity.
• Real-World Use Cases: VIDT Datalink has real-world use cases, with traction and increasingly more adoptions. It serves use cases that involve the protection of data or files like certificates, sensor data, invoices, university diplomas, or NFTs from unwanted manipulation, protecting the integrity and value of the assets.
• Compatibility and Accessibility: The VIDT API is compatible with all major programming languages, making it flexible and accessible. This allows for low friction integration with any other business software and the optionality of utilizing cloud storage in the private cloud.
• Strong Partnerships: VIDT Datalink has partnerships with well-known international companies such as Airbus, IBM, and others, which helps to expand its ecosystem and increase adoption.
• Hybrid Anchoring and NFT Technology: VIDT uses hybrid anchoring and NFT technology, which allows for secure and verified data storage and transfer. This technology has been utilized long before NFTs became popular, demonstrating the project's innovative approach.
• GDPR Compliance: The VIDT Datalink ecosystem is fully GDPR-compliant, ensuring that data privacy and security are maintained at the highest level.

These strengths position VIDT Datalink as a reliable and secure solution for data verification and NFT creation, making it an attractive option for businesses and individuals seeking to protect their digital assets.

VIDT Datalink (VIDT) is a cryptocurrency project that leverages blockchain technology to safeguard digital documents and ensure data integrity. Despite its promising approach, the project carries several financial risks that investors should be aware of:

1. Market Volatility: The cryptocurrency market is known for its high volatility, and VIDT is no exception. The token's value can fluctuate rapidly, leading to significant losses if not managed properly.

2. Risk of Losing Money: Retail investors are particularly vulnerable to losses due to the high risk associated with investing in cryptocurrencies. In fact, 75% of retail investor accounts lose money when trading CFDs (Contracts for Difference).

3. Dependence on Crypto Sector: The future of VIDT Datalink is closely tied to the performance of the broader cryptocurrency market. If the crypto sector experiences a downturn, VIDT's value is likely to suffer as well.

4. Speculative Nature: Investing in VIDT is speculative, and its value can be influenced by market sentiment and speculation rather than purely by its underlying utility.

5. Risk of Data Manipulation: Although VIDT aims to prevent data manipulation, there is still a risk that its security measures could be breached, potentially impacting the token's value.

6. Competition: The cryptocurrency market is highly competitive, and VIDT faces competition from other projects offering similar solutions. If VIDT fails to differentiate itself or keep up with technological advancements, its value could decline.

7. Regulatory Risks: As the regulatory environment for cryptocurrencies continues to evolve, there is a risk that VIDT could be impacted by changes in laws or regulations, potentially affecting its value.

Investors should carefully consider these risks and conduct thorough research before investing in VIDT Datalink.

• Marnix Van Den Berg: Founder of V-ID and VIDT Datalink, with a background in software development and a wealth of experience in the industry.