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.
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 #1 objective of the foundation is to protect and put you in control of your ID on the Blockchain. At its heart, the foundation exists to decentralize your Identification to protect YOUR interests. The foundation will form a trust platform where publishers and subscribers gather together to transfer ID over the Blockchain securely and with full trust of both parties. In addition, we believe that crypto technology is a new parallel Internet being formed today. We want to be the reason and the first step that people take towards a crypto-future.
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.
Q4, 2017 - SOFTWARE UPDATE & BETA LAUNCH
Q1, 2018 - P2P ID DEVELOPMENT & SCHEMA DEVELOPMENT
Q2, 2018 - NETWORK CALIBRATION REVIEW
Q3, 2018 - BOCA REVIEW UPDATE
Q4, 2018 - SOFTWARE UPDATE RELEASE CANDIDATE
Q1, 2019 - LEADERSHIP
Attention. There is a risk that unverified members are not actually members of the team
$343 733 086
Decentralized ID aims to place identity on the blockchain, creating a system where users are in control of their personal data at all times, but can authenticate their data when requested. The system could replace existing identity checks at airports, passports, traffic stops, and more. A token sale for DID tokens – the in-platform currency used for all operations within Decentralized ID – began on January 4, 2018.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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