Civic Price

1. Introduction

Civic is a decentralized identity ecosystem that allows on-demand secure and low-cost access authenticated via blockchain. Through a digital identity platform, users can set up their own virtual identity and store it on the device along with personally identifiable information. This information will go through a verification process performed on the platform by the authenticator, and then ported to the blockchain where the service provider can access it with the appropriate permission of the user.

CVC is an Ethereum-based token used by service providers that is seeking to obtain information about users. Users can make payments in the platform through civic tokens. The adopted smart contract system will see the funds delivered to validators and identity owners (users).

2. Project introduction

Civic's Secure Identity Platform (SIP) allows enterprises to use authenticated user identities for multi-factor authentication on web and mobile applications , without entering a username or password.

The ecosystem is based on blockchain technology, which has the following advantages: the key is generated by a third-party wallet, and a firewall is built between Civic and the user's key; the identity data is fully encrypted in the device application, Biometrically available; authenticator identity of the verification agency disclosed.

Anonymous:

Identity data is encrypted and stored in the Civic app on the user's phone, and apps only need to access the specific data they Multiple responsibilities (such as loss of user data), and no added friction with users by sending users requesting document scans over and over, resulting in a bad user experience.

Distributed ID Storage:

Civic leverages the power of blockchain to ensure the highest level of privacy and security for users and businesses. If the app doesn't need to collect or store customers' personal information, it might address concerns about identity theft.

User Permission Management:

The Civic app uses advanced encryption and biometrics to securely store users' Personally Identifiable Information (PII) on their phones. Users choose to permit or deny all requests for information, so the solution complies with the strictest data protection regulations.

Reusable:

Users only need to submit data once in the Civic app to get verified, a process that is quick and easy, and takes 3-5 minutes for most users to complete.

Affordable:

Civic reduces the overhead associated with compliance and fraud control because users only need to authenticate once. Relying on original proof of a user's identity document, verification of age becomes a cheap and fast request for information.

Mobile Powered:

Identity data is encrypted and stored in the Civic app on the user's phone, the mobile device is able to more thoroughly authenticate the owner of the document, requires live testing and Selfies of submitted documents are compared to ensure that the real owner of the device is the authorized person.

Secure Identity Platform:

Enables users to securely access websites and services using Civic Secure ID through Civic's apps. Civic's Secure Identity Platform (SIP) uses authenticated identities for multi-factor authentication on web and mobile applications without the need for usernames or passwords.

Reusable KYC:

Meet KYC requirements with Civic's easy-to-use, private and secure solution. The Civic mobile app allows users to scan and verify their ID, thus meeting the company's KYC requirements. Leverage trusted third parties in the Identity.com Marketplace to verify personal information with blockchain proofs and store all content on the user's mobile device.

Identity Theft Protection:

Everyone deserves identity theft protection, and Civic offers complete identity theft protection before, during, and after an event.

ID Code:

Enables anyone to securely verify a business, consulting, investment relationship or any other relationship. The current way of proving business relationships online is broken, and it is all too easy to create fake accounts or fraudsters to promote false advice, employment, investments or other misleading relationships. ID codes solve this problem by giving legitimate organizations a way to prove someone has a relationship with them.