Almost half of the US population may have been affected by the massive Equifax data breach, with the credit bureau revealing the personal info for as many as 143 million customers may have been exposed. Even as a handful of its top execs face a barrage of criticism for selling nearly $2 million in shares just days after the hack was discovered, the company is scrambling to deal with the aftermath and alleviate customer concerns. [1]
This means almost half of America was affected by this security breach, releasing personal information like social security numbers! If we can't trust these centralized organizations to keep our info safe then we need something with more security. In comes Civic, utilizing the blockchain for identity.
Civic’s model allows for on-demand, secure and lower cost access to identity verification via the blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one. Civic already has a working identity verification product that is available worldwide.
There's many other factors that make me believe Civic will have true utilization and is at a good point in time for people to consider it, I like it as an investment right now as well.
Would love to hear your thoughts on the matter!!
This is not financial advice, just my opinion. Do your own research before investing your hard earned money. Have a great day!
