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. Civic has won Best New Startup award at the K(NO)W Identity Conference 2017. In order to embrace our vision of creating a truly decentralized identity ecosystem we now intend to launch a utility token known as the Civic Token (CVC)
Incentivizes only trustworthy Identity Verification (IDV) providers, for example, banks, utility companies, amongst many others These entities will be able to verify the attributes of the identity of an individual or business and attest to those attributes on a blockchain Through the use of smart contracts, Validators will be able to price their identity verifications and offer them to other participants, resulting in a robust and decentralized identity verification ecosystem
Civic’s token (CVC)
Validators receive CVCs when other participants utilize their attestations to prove identities Users receive CVCs for providing their data more securely and privately through the ecosystem All categories of participants can utilize CVCs for identity-related products and services provided by Civic and third parties through the ecosystem
Civic’s new ecosystem will reduce the overall cost of KYC, remove inefficiencies, enhance security and privacy, greatly improve user experience and disrupt the current identity verification supply chain.
- Reducing the overall cost of KYC (know your customer) - Improving user experience and disrupting the current identity verification supply chain - Protecting the privacy and security of user`s Personally Identifiable Information - CVC token is intended to act as a form of settlement between Validators and Service Providers within the ecosystem, it will also provide a means to incentivize all participants, including Users, to contribute to the ecosystem - Already has a working identity verification product that is available worldwide - Has won Best New Startup award at the K(NO)W Identity Conference 2017
May 25 2017
June 21 2017
June 28 2017
Expected start of trading
Attention. There is a risk that unverified members are not actually members of the team
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