About Diro

Diro today’s digital world lacks a credible identity system that is universally consumable and can be trusted by counterparties across industries. Further, all crowdsourcing 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 a universal identity (Vinay Gupta, 2017). The problem has been part technical and part political.

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 dicult to maintain custody of the original documents, it remains susceptible to theft, tampering, loss and requires expensive and cumbersome replacement workflows. It is further dicult to supply original documents physically and preventing fraud.

Basic Information

Token Name DIRO Token symbol DIRO Social Media Accepting ETH,BTC,USD Max. Token Supply 10 BILLION DIRO Token Price $0.05 Instrument Diro Token Smart Contract Total Token sale 1,240,000,000 DIRO Tokens Whitepaper Click Here For View Whitepaper Website Click Here For Visit ICO Homepage

Token Distribution

41% Tce Investor 23% Diro Team & Advisor 2% Bounty .24% Existing Investors 10% Founders

Infrastructure

The world is rapidly shifting to cloud services and the demand for single-sign-on is rising. SMEs are consuming multiple cloud services across departments and the need for a shared directory of employees and maintaining frictionless secure access is felt even more. In this new paradigm, the authorization information now sits in respective cloud service providers while employees use multiple devices and roam freely. The complexity of network admission control and authorization information needs to be simplified with mobile-first employee directories that match the working styles of today. A very useful and broad architectural layering requirements were recently proposed as Semantic Identification Layers (Reed, Architectural Layering for Decentralized Identification, 2017). To create a dIAM – MSISDNs offer a good universal baseline to begin processing data of live identities.

It can be combined with other factors like names and connections to determine unique identities. Further, existing contact lists offer a raw dump of contact information to start building contact graphs universally.

Cryptographic KYC for a better KYC/CDD/EDD

A digital identity may be validated by a browser that is enabled to capture the SSL certificate along with the web page displayed and with the time stamp as a hash on the blockchain. These claims can prove ownership to a bank account or a utility service with cryptographic validation through the SSL certificate captured. (IN Patent No. Universal original document validation platform , 2015) This can eliminate the need of citing original documents and linking it to the Identity owner by needing to see him in person. Further this is more credible as the original documents can be tampered while the web capture can be cryptographically trusted. Allowing such remote KYCs once and adding it as a verified claim could make the whole KYC process frictionless, safer, faster. It would instantly authenticate the original documents, making it possible to automate every aspect of KYC/CDD/EDD

Diro Token Sale

Diro Foundation requires significant funding to develop, launch, and grow the DiroToken network. We must develop all the software required: the mining software, the client software, user interfaces and apps, network infrastructure and monitoring, software that third-party wallets and exchanges need to support DiroToken, integrations with contact directory protocols, tooling for web applications and dApps to use DiroToken, and much more. We must deploy the network, facilitate its growth to large scale, market to and onboard miners and clients, bring key partners into the ecosystem, and much more.

Diro primarily seek strategic investors who have something high-value and unique to offer to DiroTokens. Diro also wish to reach as broad of an investor base as we can; we want people and organizations from countries all over the world, who work in many different kinds of industries. Diro wants investors to represent many different groups so that Dirocoin can quickly come to serve those users and spread across these networks. Diro want investors who add value, investors who will work with and for the network. We are unfortunately legally restricted to involve only accredited investors (world-wide investors accredited to US standards or similar (see governance document). In order to secure their long-term commitment and alignment, they will be vested for a period of 5 years.

Diro Token

Genesis of DiroTokens happens on the completion of the DiroToken Generation Event. These are utility tokens that will be used for transactions on the platform. They will also be listed on crypto-exchanges for additional sale/purchase. 30% of DiroTokens (3 billion out of 10 billion) are pre-mined and issued to key stakeholders like team members, management, TGE Investors, prior investors & Foundation. Balance, 70% of DiroTokens

(7 billion out of total 10 billion) are reserved as rewards to its early adopters for adding value to the platform by engaging and building the Diro community. These early adopters get Diro Rewards and get converted into DiroTokens over a period of time automatically.

Diro Rewards

On Diro, put you at the center and organize all the contacts in your life into neat groups, just as they occur naturally. Once mapped, the core groups such as Co-workers, Family, School-mates & College-mates provide the context to create a hard social identity of each user. But for the Diro platform to unlock its value, it needs users to initially contribute to the community to solve the chicken and egg problem. These early users who add value (Proof-of-Identity) will be incentivized with Diro Rewards. Fully vested Diro Rewards are automatically converted to DiroTokens based on an algorithm

Conclusion

Contact directories offer a rapid method to validate digital identities using SPKI to do social KYC. It further offers a possibility of strong identity authentication through live interactions with human confirmations over voice and video calls. Voice and video conversations offer a continuous stream of strong authentication to digital identities.

Further, a decentralized identity platform requires a safe public & private key management and recovery process to make owning identities possible. The DPKI and uPort based architectures also require social proof for key management and recovery. Therefore, social KYC is a critical factor for authentication across different aspects of creating a decentralized identity structure including key management, identifying non-synthetic identities and generating proof-of-life authentication from other devices.

Team

Members Michael Mainelli Advisor Vinay Gupta Advisor Kaliya ‘Identity Woman’ Advisor Kumar Gaurav Advisor Also Read – Click Here for Read All ICO Review [su_quote]Quote This article is writing on 14 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258[/su_quote] Disclaimer: Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

IS ABOVE COMPANY IS TRUSTED ? We Appreciate Your Voting . That’s the only way we can improve.

Yes 0

No 0