When it comes to blockchain use cases, a multitude of applications can be found. But in the real world, only a handful of those can pretend solving an actual issue and thus filling a real demand. And this is precisely what VIDT Datalink is doing.
VIDT Datalink secures digital assets using blockchain powered validation. Basically it enables organizations and companies to protect their data against endemic fraud and manipulation of material that should remain unaltered under any circumstances.
Companies like Airbus, IBM or AmSpec can use this technology to protect documents such as: certificates, diplomas, contracts, invoices or even sensor-data with a digital stamp of authenticity.
Blockchain-based validation functioning
The concept behind this technology is technically quite simple when summarized.
VIDT Datalink validation process requires extracting the fingerprints of files and saving them on the blockchain.
If a file is changed in any way (character, pixel…), the fingerprint is modified and V-ID will detect the fraud.
To validate anything, you can choose between 3 different methods:
- Validation service: V-ID staff members will take care of the validation for you on-site
- Self-Validation: an employee of your organization will be appointed to become a validator and allowed to go through the validation process on his own.
- API Validation: automated server-to-server process where the API extracts the fingerprint of a file from a code that the organization’s software use to create that file.
The information of a file will be saved on V-ID platform. Its digital fingerprint will be saved on the blockchain. Some conditions are required for the blockchain to validate the file.
They currently offer 7 different blockchains to save the fingerprint on: Ethereum, IBM’s Hyperledger, Digibyte, Bitcoin, LTO Network, Fantom and Binance.
V-ID token is essential to validation. A wallet containing a balance of V-ID tokens (depending on the monthly validation needs) is appointed to the organization issuing files.
Each time a validation is done, a transaction of VIDT occurs recording every single detail allowing parties to track back the filetype, timestamp, validator and validation location.
Clients and concrete applications
Since its inception in 2018, V-ID services have been used by more than 50 clients. Some of them are among the most reputable companies in the world and represent great case studies to understand concretely how V-ID can help an organization to deal with sensitive documents/data.
As a matter of example, let’s review a few of those clients and their specific needs.
Airbus, the world’s largest airliner manufacturer, has been using V-ID since 2018 to secure its sensor datasheet among other things. Considering the sensitive material it can represent in a global safety perspective.
Douwes Fine Art is one of the oldest art dealers in Europe used V-ID technology to certificate a Rembrandt piece of art on the blockchain. It took place last year, in 2019, and represented a world premiere in the field of high-end art.
As a global leader in the industry of petrochemicals inspection with over 200 operational sites worldwide, AmSpec became last year the biggest client of V-ID so far.
They produce over 50,000 inspection reports each month and can now certify them thanks to V-ID.
VIDT Datalink’s technology is undoubtedly one of the best examples of a successful blockchain use case.
And contrary to many vaporware projects full of promises but empty on delivery, they are actually working with giants of various industries which understand and capture the value of a real decentralized peer-to-peer network.
Their collective efforts in providing direct solutions to fill a demand will have a permanent positive impact on the entire cryptocurrency industry. And we will hopefully witness more actors of this space walk in their footsteps in a near future.