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Civic (Cryptocurrency)

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CIVIC is an identity management service that allows one to protect and authorize the use of their identity in real-time.

In simple words, every time when you are required to prove that you are who you say you are, you need to undergo the same verification and document submission process repeatedly from scratch.

CIVIC infrastructure enables you to use your once verified data to be reused in places where CIVIC is accepted. This is called your CIVIC ID. In short, you can verify your identity without going again and again from bottom to you if CIVIC ID is accepted by the service that you are intended to use.

CVC is the native token of the CIVIC infrastructure which is built on the Ethereum’s blockchain as it is an ERC-20 token.

 

CIVIC Team

Civic use-cases are quite broad because they are creating something like a free market for identity verification in which the verifier and the user will be fairly incentivized by the requestor. CIVIC ID creation can have various use cases, some of which are:

  1. It can be used for e-signatures.
  2. It can be used to share PHI and PII with relevant parties and users can get incentivized. PHI is personal health information and PII is personal identity information.
  3. It can be used in providing financial services and keeping a credit history of verified users.
  4. It can be used on E-commerce websites to reduce credit care risk frauds.
  5. It can be used a registration and login option on many websites. wikiHow is using CIVIC IDs for login and registration. [3]
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Created: 03/14/2018 11:43:55 AM UTC
Last Modified: 03/14/2018 12:14:32 PM UTC