Distributed ID is a trusted source of digital identity, built to reduce costs linked to know your client.
Our solution is a new standard for digital identity, it aims to reduce the costs associated with user verification and fraud loss. These identities will verify authenticity for mobile payments. Gaining insight into their spending behaviour and build a more accurate profile. Maintaining user privacy and offering and creating credit scores for the unbanked.
DIID streamlines the on-boarding of new users to online and mobile platforms. DIID does this by building a record of the user and their privileges into a blockchain. The benefit of using a blockchain is immutability, privacy and security of this technology. DIID's permissioned blockchain allows only verified users into the ecosystem, which removes the need to verify them for any other service, and allows us to map behavioural analytics on them for a more accurate user profile
Distributed ID is disrupting the financial services market by allowing new players into the global economy. Long have these communities been overlooked because the cost to enter is too great, and the transactions fees out price these communities. Distributed ID has found a way to measure the needed data to enter these markets without interrupting the user experience.