Decentralized ID (DID): Protect and Control your ID

cryptotipsbydada
Jan 30, 2018
3 min read

Updated: Feb 4, 2018

Have you experienced having your identity stolen or anyone you know? In today's digital age, online identity theft and fraud has evolved into global issue. It is considered the most popular problem that we face now and it shows no signs of going away. Is there a way we can secure and protect our ID today?

Identification card or ID is a vital part of our life because it is used to verify our identity and the one issued by the government are considered the most credible forms of ID like passport, visa and birth certificate.

Protecting and securing our ID should be in our top priority and that's what the reason why Decentralized ID or DID was created.

DID is a schema to provide an authentication services securely on a decentralized network and it is a democratic blockchain-based Foundation geared towards protecting people’s IDs on Decentralized Computer Systems.

Solution to Current Problem

DID provides a two-way trust mechanism with ID transfers on the Blockchain.

DID employs a public Blockchain network to show how ID can be issued securely on a Blockchain. So, there will be a secure way now to issue an ID card, a license, a passport or a visa using the current communication channels.

Transfers your ID on the Blockchain: (Like an Internet Login)

Currently, whenever you try to login on store website, it normally asks you for your password. We then type our password and then it will transferred over the internet. After that, the website checks and grants access.

DID way: You store ID on your device. The website will shows a QR code and then you scan the QR code. ID transferred over Blockchain then the website checks and grants access.

ID verified over Blockchain

Today, your ID is in control of an organization or on a private cloud where it can be abused, hacked and tracked. But in DID system, your ID is stored on your own device and will be in your control which you transfer as you require or any usage of your data is approved by you.

BOCA certificates ensure security and legitimacy of the request.

How it works?

The DID system works by employing smart contracts on a distributed network.

DID software

Mobile App:

For the end-user to interact with the system.

Currently based on the Ethereum Mainnet,

DID is a functional schema that you can try today. See how your ID gets transferred over the Blockchain.

Get the DID Login Mobile App: https://login.my.id

DID endpoints:

Carry out user instructions securely over the blockchain

DID API & Marketplace:

For developers to provide a Login with DID system and to work with BOCA certificates.

BOCA issuance:

A platform for the ID requesting bodies to register to provide their authenticity to the end users.

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.

DID as Decentralized Foundation

DID believe that the Decentralized-world is a revolution and a paradigm shift from the communications structure we have in the world at the moment.

Very soon, data will become decentralized and with that, people’s IDs.

The proposed Foundation will work towards guaranteeing that people IDs and privacy are protected.

You can download the complete DID Charter Document for the Foundation here: https://decentralized.id/docs/DID-Charter.pdf

The token: DID

The DID token provides a means for the foundation and the software to operate.

It can be used as in-app credits or as a Voting rights to the system.

The token can also be used to buy services from the market place.

These tokens, when the system is fully operational, will provide a greater value to holders that its current worth at the moment.

Learn more about DID tokens here: https://decentralized.id

DID - ICO

The initial coin offering started this January 4,2018 and the Pre-ICO started last December 27.

Read here for more guide to DID-ICO: HTTPS://DECENTRALIZED.ID/DOCS/DID-ICO-GUIDE.PDF

Token name: DECENTRALIZED ID TOKEN (DID) Total supply: 20 BILLION TOKENS. 20,000,000,000 Tokens available for sale: 84% = 16,800,000,000 Starting value: 1 DID = USD 0.001 Soft/Hard : NIL

WHERE TO GET DIDS:

(A) FROM THE FAUCET: HTTPS://FAUCET.DECENTRALIZED.ID (B) BY PARTICIPATING IN THE ICO. (C) BY EXCHANGE/TRANSFER CURRENCIES ACCEPTED: BTC, ETH, BCH

Source: DID Whitepaper

For more information, visit the ff: Website: https://ico.decentralized.id/ Facebook: http://facebook.com/decentralizedID Twitter: https://twitter.com/didfoundation Telegram: https://t.me/didfoundation