New Zealand startup, TIME3 Global Limited, has launched its final round of funding through crowdfunding platform, Fundable. The company is seeking US $2.8M to commercialize its flagship product known as the Total Information Management Environment (TIME3).
TIME3 is a Virtual Internet Operating System (VIOS) which offers a revolutionary solution to the fundamental security issues of the World Wide Web. TIME3 addresses the Web’s structural design flaws and resolves the issues of identity theft, e-Commerce fraud, privacy violations, online piracy, social networking misuse, spam, and viruses. By migrating to TIME3, governments, businesses, and consumers can escape the growing reach of these costly and time-consuming security threats.
The Internet was not designed for the range commercial and social applications it now supports. The IT industry’s most successful companies – the Big Three – operate in a reactionary fashion to the endless stream of security breaches. In today’s paradigm these companies can only apply “band aid” security patches to plug the most recently exposed weakness. The steady stream of security breaches reported by the world’s largest governments, banks, and retailers proves the extent of the problem and demonstrates the need for a holistic solution.
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TIME3 is a holistic system that was conceived and designed to provide a lasting solution to the problems of today’s Web. It achieves this ambitious goal by creating a secure digital ecosystem on top of the existing Internet infrastructure. It starts by wrapping a protective layer (“Wrapper”) around content, information, applications, and services. TIME3 then provides a simple and secure dedicated user interface which communicates only with this Wrapper. Finally, TIME3 utilises existing government data sources to uniquely verify each individual, business, or other organisation. This verification process ensures only trusted and known entities can exist within the digital ecosystem.
The result is a holistic environment in which the individual subscriber regains control of their digital life. The individual sets their own personal privacy parameters which, in TIME3, must be respected by the businesses and organisations wishing to build a relationship. In TIME3 the individual possesses complete control over their digital content (e-mails, images, documents, etc.) and can revoke permissions without the fear of copies floating in the public cloud. Furthermore the individual can transact without fear of fraud as all counterparties are trusted and the need to send sensitive financial information amongst them is eliminated. TIME3 represents a new paradigm for Internet-based technology. It has the potential to return technology to its primary role: that of making our lives simpler.
TIME3 is a globally scalable solution that is independent of technology platforms. It is able to integrate legacy applications and non-web enabled applications, providing a cost effective migration path for governments, organisations, and businesses. Once migrated to TIME3, subscribers may still access the existing Web, but through a secure proprietary interface. The company’s solution provides a smooth transition from today’s Web to a TIME3 future.
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