DID Foundation - Your ID In Your Control
DID Foundation is the first full-fledged platform that provides the ability to decentralize your identity through unique blockchain technology. The main goal of this platform at this stage is to provide full and multilateral protection for each user and put under the control of the identifier with the help of blockchain technology. The basis for decentralizing identification to protect personal interests is at the core of the system.
Also, the platform's goal is to create a kind of trust site, where each of the users can be confident in their partner and not be afraid of interference of others and theft of their personal data. Now the blockchain technology will allow quick and reliable transferring of the identification data between the users of the platform without any risks or concerns. The main principle of safe, and at the same time mutually beneficial relations - the creation of a clear trust system.
Platform developers are confident that the development of cryptocurrency technologies, which we have the opportunity to observe to date, will eventually lead to the creation of a new, alternative and more advanced Internet network. Thus, the goal of the DID Foundation is to become the first step towards an incredibly perfect and technological future that most users can do today without fear of losing the confidentiality of their data.
Despite the fact that to date the platform is almost completely functioning on the Ethereum network, the developers of the DID Foundation find it imperfect and, as a result, unsuitable for complete safety of user data and financial resources. But for now such a situation is necessary for the platform to be universal and has the opportunity to develop in order to make a revolutionary leap in technologies in the field of ID after a while. In addition, the use of the Ethereum network currently incurs costs for the company that are not commensurate with the functionality and reliability of this network, which, therefore, incurs some temporary losses.
At the moment, the specialists of DID Foundation managed to start developing a way of using intellectual contracts based on one of the most reliable technologies - the blockchain system. This clearly shows that the system for the transfer of identity data is actively developing and will soon become improbably improved, therefore it is necessary to join it at the initial stages of development in order not to miss the moment. Of course, there is a need for continued further research in this area in order to apply the newest and most advanced technologies for user safety.
The development plan is as follows:
- In April 2017, a software update was issued , which allowed launching a beta version of the DID application, where each user can store data on his or her device without fear for its safety;
- Beginning of 2018 - the company focuses on various decentralized networks currently available on the market to choose the most optimal option for checking and issuing user identity cards;
- In February 2018, the network will be calibrated, which will soon allow the use of Ethereum technology to be improved and more secure;
- March 2018 - the company will consider and implement the BOCA-2 certificate covering industry and expert reviews, and the first batch of commercial BOCA certificate for organizations;
- In April 2018, one year after the system has been started, a full software update will be issued and the development of a unique technology will be completed, and the final result of the work will be ready for the final entry into the market. In addition, the development of APIs will be completed and work will be finalized on the Eco system, operating on a decentralized network for verification and issuance of identity cards.
The unique platform of DID Foundation makes a huge step forward in the technology, where no malicious software will threaten network users.
Website: https://decentralized.id/
White Paper: https://decentralized.id/docs/DID-whitepaper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=980049