Introducing Diro

themayweatheruk (28)in #ico • 6 years ago

Introduction

Today’s digital world lacks a credible identity system that is universally consumable and can be trusted by counter parties across industries. Further, all crowd sourcing based solutions lack credibility and verification that is needed to address regulatory requirements. Getting all the industries, governments and consumers across hundreds of jurisdictions to agree on a framework is a challenge. A great deal has already been written on challenges in creating universal identity (Vinay Gupta, 2017). The problem has been part technical and part political:

Owning identity itself is hard for individuals
Verifying real identities requires mass consensus and adoption
Centralized systems are unreliable in long term due security and political risks
Identities need to constantly remain validated and updated
Limitations of mass adoption by different stakeholders

As we rapidly adopt digital technologies with smartphone penetration slated to reach 4 billion by 2022 and new technologies like IOT, blockchain, AR/VR and digital currencies getting ready for mainstream adoption, the need for cybersecurity has never been greater. Identity theft losses are reaching $16b1 annually in USA alone. The cost of KYC & AML is $15bn in the financial industry only. The latest forecast from Gartner Inc. says worldwide information security (a subset of the broader cybersecurity market) spending will grow 7 percent to reach $86.4 billion (USD) in 2017 and will climb to $93 billion in 2018. Global spending on cybersecurity will exceed $1 trillion cumulatively over the next five years, according to Cybersecurity Ventures.2 Cybercrime attacks are expected to cost us $6 trillion a year by 2021. In a single year, cyber terrorism could cost us three times more than the entire U.S. housing and real estate industry is currently worth.

Further, The current system of managing original documents is broken. Its not only difficult to maintain custody of the original documents, it remains susceptible to theft, tampering, loss and requires expensive and cumbersome replacement workflows. It is further difficult to supply original documents physically and preventing fraud.

The Chairman of IBM calls ‘Identity theft’ to be the “greatest threat to every profession, every industry,
every company in the world”. Cisco cites a report saying it will be more profitable than the global
trade of all major illegal drugs combined. ATT calls it the greatest transfer of economic wealth in
history.3

The identity data today, lies fragmented and owned by different corporations, having conflicting
monetization objectives. It’s often secured by fragile passwords or rely on one-time passwords for
recovery that are easy to hack with commonly available tools. With the explosion of web content and
services, it has become hard to keep track of logins, profiles and passwords. MSISDN based one-time
passwords still offer a temporary relief but the system is extremely vulnerable to hacking, lacks
identity attributes and has no identity verification.

On the other hand, social networks are limited by the number of people who join, remain centralized
and committed to conflicting incentives and monetizing the identity data they are trusted with. They
often subject the users to undesirable social noise and comparison. This positions them at odds with
consumers volunteering data to build strong profiles. Further, the social footprint created on such
networks still rely on the users to update the social profile without any real external validations. This
has enabled the prevalence and spread of fake identities.

Governments across the Globe and Industry are desperately looking for a solution.

What is DIRO?

DIRO is a Decentralized Identity and Access Application supported by crowdsourcing contact directory {for Network, Web, Application, IoT, Intelligent Contract, AR / VR, and all other domains using people resources.}

OWNED FEATURES

Perfectly organized & updated contacts
Intelligent crowdsourcing crashes effort by over 90%

Your contacts get automatically organized into mini-phonebooks

Diro uses power of crowd intelligence to automatically tag people to phonebooks for everyone.

The effort keeps crashing by 50%, 66%, 75% and so on as people join the phonebook.

Diro is a super productivity tool for deploying Team phonebooks of any size for all members to view & manage. And you can also create Contact Lists of clients or vendors and share with specific people.

Missing contacts appear automatically
A team of 20 coworkers can create a team mini-phonebook that is shared with all members.

When a new person joins the team, any one existing member adds the new person to the team & all 20 coworkers will automatically get the new contact. New coworker downloads the app & discovers coworkers mini-phonebook.

Similarly, add new client to the Clients mini-phonebook & the contact gets synced across the Sales Team.

Existing contacts get automatically fixed
From the Diro network, we bring information about you that is not included in your profile.

If you discard this info (it could be obsolete or simply wrong info), it will automatically get fixed in everyone’s phones that has your contact.

Automatically manage what others see about you
We create 4 Profile Cards automatically for you.

When you set your “work profile card” to your Coworkers or Clients phonebook, all contacts there instantly get your new info.

For the first time, you can automatically manage what others see about you.

Linking Identity Silos

Converged directory services

Experience shared contact directories with integrated access management using LDAP. Integrates multiple silos of identities across 1000s of platforms with simple contact app.

Password-less IAM

Eliminate need for hardware tokens or keys with open standards like Federated SSO with SAML, OAuth 2.0, OpenID Connect etc. With applications across multiple domains.

Universal Identities

Self Soverign Identities with seamless Global Pgp and digital signing infrastructure using SPKI and Self-service key retrieval (DPKI)

Eliminate synthetic identities

With the worlds largest passive social graph with SPKI. Further make identities Sybil resistant with Proof-of-life. Use patent pending cryptographic KYC for eliminating Identity fraud.

Automated privacy

Discover and use profile cards to automate privacy across the identity eco-system. Prevent external correlation using contact IDs. Unlock private contextual data from within contacts with cryptography and IAM frictionlessly.

Strong network effect

Creates large scale value through crowd mining and viral stacking. With top Identity use cases and being default dialer app diro maps the entire identity network with just 1% users.

Token Allocation

Fixed maximum supply of 10 billion DiroTokens

3 billion Pre-mined DiroTokens that will be distributed to key stakeholders like Team Members, Advisors, Investors, Community & Reserve for Foundation
7 billion Crowd-Mined DiroTokens as rewards for first 500 million contributors of the platform