CVC-CivicDetailed Description

CVC-Civic Detailed Description

Civic is a decentralized identity ecosystem that allows on-demand secure and low-cost access authenticated over the blockchain. Through digital identity platforms, 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 carried out on the platform by an authenticator, and then ported to the blockchain where service providers can access it with the proper permission of the user.

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

1. Project introduction

Civic's Secure Identity Platform (SIP) allows businesses to use authenticated user identities for multi-factor authentication on web and mobile apps without the need to enter usernames or passwords.

Its 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 key; identity data is fully encrypted in the device application, and biometrics can be used Obtained; the identity of the authenticator of the verification agency is disclosed.

Project Features

Anonymous:
Identity data is encrypted and stored in the Civic app on the user's phone, apps only need access to the specific data they need, and thus take no further responsibility for their operations (such as loss of user data) , and will not increase the friction with the user by sending the request to the user over and over again to scan the document, resulting in a bad user experience.

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

User Permission Management:
The Civic app securely stores users' personally identifiable information (PII) on their phone using advanced encryption and biometrics. Users choose to grant or deny all information requests, 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. This process is simple and fast, and most users need 3-5 minutes to complete.

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

Mobile Power:
Identity data is encrypted and stored in the Civic app on the user's phone, mobile devices are able to more thoroughly verify the owner of the document, requiring liveness tests and comparisons with selfies of submitted documents, To ensure that the true owner of the device is an authorized person.

Application scenario

Secure Identity Platform:
Let users securely access websites and services through Civic's app using Civic Secure ID. Civic's Secure Identity Platform (SIP) uses verified 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 enables users to scan and verify their ID documents, thereby meeting the company’s KYC requirements. Utilize trusted third parties in the Identity.com Marketplace to verify personal information via 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 incident.

ID Code:
Enables anyone to securely authenticate a business, consulting, investment relationship or any other relationship. The current way of proving a business relationship online is broken, and it is all too easy to create fake accounts or fraudsters to advertise fake advice, employment, investments or other relationships that mislead people. ID codes solve this problem by giving legitimate organizations a way to prove that a person is related to them.

1. Project introduction

Two. Comment

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