V-ID (VIDT)
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V-ID is 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%.
The V-ID Token (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.
