VIDT DAO: A Comprehensive Guide to the Blockchain Validation Ecosystem

Due to its system of immutable ledgers, blockchain technology is incredibly secure. VIDT DAO hopes to turn this inherent security into a marketable service

Due to its system of immutable ledgers, blockchain technology is incredibly secure. Many crypto projects hope to turn this inherent security into a marketable service for all sorts of businesses. One such project is VIDT DAO, a blockchain validation ecosystem that hopes to provide people with reliable ways of verifying transactions. In addition to being a great vehicle for securing contracts, VIDT DAO also has some promising applications for investors. Keep reading to learn more about this service and see why it's so intriguing.

Key Takeaways:

VIDT DAO is a blockchain ecosystem run by a decentralized autonomous organization.

It provides timestamping technology that can help to authenticate documents.

Members of the VIDT DAO community work together to promote its service and find novel new applications for VIDT DAO technology.

What Is VIDT DAO?

VIDT DAO is a blockchain ecosystem run by a decentralized autonomous organization (DAO). It provides timestamping technology that can help to authenticate documents. Members of the VIDT DAO community work together to promote its service and find novel new applications for VIDT DAO technology.

History of VIDT DAO

VIDT DAO was first launched as VIDT Datalink in 2019. The project was led by game artists Marnix van den Berg, Pim Voets and Caciel van Helden. Originally, VIDT Datalink was conceived as a method of combating the many scams within the Web3 space. Its founders hoped to create an authentication method that wouldn't be susceptible to malicious actors.

As the project progressed, VIDT Datalink's creators also became interested in decentralization. In 2021, they chose to rebrand their system as VIDT DAO. This transition also included turning the ecosystem from a business run by a few people into a community project to be run by a collective of users.

What Does VIDT DAO Aim to Achieve?

VIDT DAO aims to address one of the biggest problems in modern business: Due to the unregulated nature of the internet, many people are victims of intellectual property theft and scams. VIDT DAO hopes to provide a more reliable way of proving ownership. Its timestamp service allows you to prove exactly when a file came into existence, and who created it. VIDT DAO believes its secure crypto system can help people manage everything from compliance audits to patent applications.

Unlike many other security solutions, VIDT DAO aims to accomplish all of this while remaining completely decentralized. Businesses that work with its ecosystem don’t have to give up control to a centralized organization. Instead, they get the benefits of timestamp authentication while retaining all of their personal data. VIDT DAO believes its decentralized organization can provide more flexibility, security and freedom than other solutions.

How Does VIDT DAO Work?

VIDT DAO operates with a dual chain system. Its smart contract designs run simultaneously on both Ethereum and BNB Smart Chain to provide users with optimal security and reliability. On both chains, file data is stored in the form of hashes. A hash is essentially a digital fingerprint in the form of a string of symbols generated by a cryptographic algorithm. The hash is tied to any file, and if the file is changed in any way the hash also changes.

VIDT DAO takes each hash that a user wants to preserve and adds it to the blockchain’s ledger. The hash is stored alongside any relevant data, such as who created it and where it was made. When it's stored as part of a new block on the chain, it's permanently tied to a timestamp. All of the information is frozen in a snapshot that allows users to both authenticate a document and learn about its origins.

Features of VIDT DAO

Though VIDT DAO started with one simple tool, it's expanded a lot over the years, and its DAO is now home to a robust crypto ecosystem with a variety of exciting features.

Timestamping Tech

The primary feature of the VIDT DAO ecosystem is its timestamping technology. VIDT DAO offers a convenient application programming interface (API) that links to any cloud service. Once users launch the API, they can easily create new, timestamped digital documents or check the timestamp on older documents. VIDT DAO lets people confirm who created a document, when and where it was made and whether it’s been altered.

VIDT Community

The VIDT DAO community is part of what makes this ecosystem so special. It consists of multiple Telegram channels, Discord servers and social media accounts that work together to promote VIDT DAO. In addition to raising general awareness about VIDT DAO’s system, its community also collaborates on finding new applications for the platform's technology.

VIDT Academy

VIDT Academy is a platform created to onboard new users into the VIDT DAO ecosystem. People can explore its detailed structure and get step-by-step instructions for timestamping their documents. This feature makes it much easier to discover all that the ecosystem has to offer.

VIDT DAO Road Map

In the past few years, VIDT DAO has gone through many changes. In addition to