Decentralized ID (or DID) is a software schema and a Foundation geared towards protecting your ID on the Blockchain. DID puts your ID in your control by Decentralizing it. As of its launch in September 2017, DID comes with a working software schema based on mobile wallets and the Ethereum Network to show how ID verification can be performed on a Blockchain. DID also provides a draft proposal for how to achieve this and recommends starting a foundation to oversee how ID is being used/transferred in a Crypto-world. The project is working closely with a Government department to conduct a pilot study of putting National ID cards on the Blockchain.Infrastructure Platform Smart Contract Software
|ICO Start Date||04 Jan 2018|
|ICO End Date||04 Mar 2018|
Put your ID in your control by Decentralizing it
DID is a software schema and a Foundation geared towards protecting your ID on the Blockchain. DID puts your ID in your control by Decentralizing it. As of its launch in September 2017, DID comes with a working software schema based on mobile wallets and the Ethereum Network to show how ID verification can be performed on a Blockchain. DID also provides a draft proposal for how to achieve this and recommends starting a foundation to oversee how ID is being used/transferred in a Crypto-world. The project is working closely with a Government department to conduct a pilot study of putting National ID cards on the Blockchain.
The DID Foundation.
After a successful ICO in Q1 2018, Torquesol UK Ltd will form a Foundation, in accordance with Charities & Trustee Investment acts under the UK laws, putting in a budget as provided by the ICO participants. The Foundation has 3 objectives:
The DID foundation will re-imagine and re-engineer subscribers' trust in authenticity over a decentralized network. Before you provide your ID or data to an organization, you can now check over a decentralized network if the requested transaction comes from a verified source. These smart contracts will prove as an irrefutable certificate of Authenticity belonging to an entity wishing to participate in ID verification or issuance. Just like the SSL Certificates of today, these BOCA certificates will come with detailed information about the assigned party as well as expiration and other attributes attached to it. Users will be able to safely and securely verify the originating source of an ID request.
SOFTWARE UPDATE & BETA LAUNCH
To launch the beta version of the DID app complete with a DID Login app and transfer facilities. Also, to finalize the app security and to develope further ways to store ID on a user's own device. To secure the Ethereum nodes in DID network.
P2P ID DEVELOPMENT & SCHEMA DEVELOPMENT
To develop and deliver a working schema of P2P ID verification. Study to be carried out in collaboration with a Govt ID issuing authority. We will also focus on other decentralized networks in the market to research the best network for ID verification and issuance.
THE DID FOUNDATION
In January 2018, DID will seperate from Torquesol UK Ltd and will form a foundation. The agenda of the foundation will be to protect people's IDs over a decentralized network.
NETWORK CALIBRATION REVIEW
While currently based on the Ethereum network, we are actively looking for a stateless Blockchain technology. We will review the available networks and come up with a proposal.
PARTNERSHIPS R&D, COMMERCIAL
The foundation will work with (a) Govt ID issuing authorities (b) Blockchain owners (c) Industry leaders to forge partnerships to take the DID manifesto forward. This includes studies, experiments, funding rounds and collaborations.
BOCA REVIEW UPDATE
As of Q3, 2017, we have given a proper definition to BOCA as a replacement of SSL over the blockchain. We will review and implement a BOCA-2 certificate encompassing industry and peer reviews. We will also issue the first batch of commercial BOCA certificate to organizattions.
BOCA SALE FIRST BATCH
The first batch of BOCA certificates will be sold to organizations. The operational team will work closely with corporates, Govt bodies to carefully select and decide on the first batch of BOCA certificates. These certificates will be based on BOCA-2 standard.
SOFTWARE UPDATE RELEASE CANDIDATE
We will finalize the technology and offer a release candidate of the software produced. In addition, developer APIs will be finalized and an Eco system running on a decentralized netowrk for ID verification and issuance will be completed.
By Q4, 2018, DID will earn out of (a) issuance of BOCA certificates (b) charging a percentage on DID transactions to stand on its own feet and to become a profitable, noble-caused organization.
As per DID's agenda, we will take our schema to the masses. We are Crypto-positive and will get DID's app and schema into people's hands. This includes, but is not limited to, issuing a Govt ID on the DID schema.
|Tokens for Sale||16800000000|
|Accepting||BTC, ETH, BCH|
|Distributed in ICO||84%|
|Soft cap||2,500,000 USD|
|Hard cap||25,000,000 USD|