Civic Has Reached Its Goal Of Selling $33 Million In Digital Currency Tokens
Civic is a decentralized identity ecosystem that allows for on-demand, secure and lower cost access to identity verification via the blockchain. Through a digital Identity platform, users to set up their own virtual identity and to store it along with their personally identifiable information on the device.
This information will go through a verification process conducted by the identity validators on the platform and then ported into the blockchain where service providers can access it with the proper permission from the user.
CVC is an Ethereum-based token used by service providers that are looking to acquire information about a user. These can make a payment in CVC. The smart contract system employed will then see funds delivered to both the validator and the identity owner (user).
Secure Identity Platform
Through our decentralized architecture with the blockchain and biometrics on the mobile device, our platform provides multi-factor authentication without a username, password, third party authenticator, or physical hardware token.
Keys are generated by the third party wallet, providing a firewall between Civic and users’ keys
Identity data fully encrypted in the app on the user’s device and can be accessible with biometrics
Public identifier for the authenticating authority, hashed identity data, and a flag indicating the data is still valid
Civic is there to protect you - Before, During and After an incident of identity theft.
Source: civic.com
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