Civic To Transform The Future Of Identity Verification!
Your identity information now has the safest store house available with Civic. Their mission is to give people control and security over their digital identity.
Civic believes identity should be convenient, safe and secure, and put users in control. They use cutting edge identity verification technology to secure and protect personal information transfer.
It is a personal identity verification protocol that leverages distributed ledger technology to better manage digital identities. Nowadays more and more blockchain projects are focused on quality verification for consumer products. Civic envisions a safer, cheaper, more efficient identity verification method for individuals and industries around the globe.
Civic co-founder and CEO Vinny Lingham is a serial entrepreneur with over ten years of e-commerce experience. A member of the Bitcoin Foundation, he’s also one of the sharks on Shark Tank South Africa.
After over a decade of experience in e-commerce, he realized that no-one had a universal solution to tackle identity fraud for consumers. It made him realize that it is time to transform the way identity verification process is handled and to do so using blockchain.
Imagine the times you’ve had to go through a Know Your Customer (KYC) verification process. Whenever you apply for a new job, open a bank account, or participate in an ICO, you have to submit proof of identity and wait for it to be verified.
This could take days or weeks, as organizations have to spend the time and resources authenticating this information with outdated systems.
Civic offers a revolutionizing solution to this problem, one where a single input of your personal identity information allows any organization or service to cross-check it on the blockchain without asking you to provide the same data twice–personal identity verification that is transferable from one service to another.
Having conducted a successful token sale in June 2017, they have set their sights on building identity.com, an open source, first-of-its-kind marketplace for identity verification services built on blockchain.
Civic consists of a team that is spanning five countries with one common goal: to revolutionize identity.
Through their decentralized architecture with the blockchain and biometrics on the mobile device, their platform provides multi-factor authentication without a username, password, third-party authenticator, or physical hardware token.
Civic also uses biometrics to verify the user’s identity, but applications are not limited to online purchases. With Civic, your personal information is stored in your Civic App. You can use the app to access financial, medical or social resources.
It’s Secure Identity Platform (SIP) also enables users to verify their identity at hotels, airports, and other places where ID verification is required.
Civic is giving businesses & individuals the tools to control and protect identities.
A fraud-free identity verification process is possible in this digital age and with Civic aiming at protecting and safeguarding your identities; it is indeed safe to say that we are heading towards a secure future!