The VIDT can be used as an integral part of every validation process.
The blockchain tech offers publishers and integrators to use one or more blockchains for additional security. These blockchains currently include Bitcoin, Ethereum, LTO Network, Binance Smart Chain, FTM and IBM Hyperledger. These are the main reasons for the use of VIDT:
1 Client wallets
After the KYC process, an integrator issues client wallets for every customer. Each transaction from that wallet stands for the validation of a file from that identified customer. The token transactions are key to the identification and confirmation of the identity of the publishing party.
2 Ease of use is key for adoption
In order for the VIDT Datalink platform, and blockchain technology as a whole, to be adopted broadly by businesses, the process must be as accessible as possible. Publishers do not need to know how to handle multiple crypto wallets, with transaction rates that constantly change, gas prices and other typical crypto related technicalities. Low or no impact on existing workflows is key. So, to validate files, the VIDT platform offers an API, or, for lower volumes, a simple drag-and-drop interface.
The VIDT token provides an instrument to control the prices for validations which allows to compensate for the constant fluctuations of exchange rates and transaction fees that come with the different blockchains that are used.
With the use of a token, all transactions are public and traceable, providing transparency.