Today we are going to discuss a new and exciting security platform called Civic (CVC) and outlined few reasons why civic is maybe a good investment for you.
Now let's talk about what is civic?
Civic is an identity management service that allows you to protect and authorize the use of your identity in real time. They also offer additional features to help protect your identity such as credit report, alerting identity, fraud coverage and support identity is verified using decentralized blockchain architecture and biometrics on the mobile devices.
It allows you to scan the QR code and uses fingerprint to securely identify you using this security platform. You can securely identify yourself through any organization like hotel, bank, airport or retail store.
Who needs to confirm your identity each organization, who receives the identity independently validates the identity on the blockchain. Civic is built on etherium based blockchain technology.
Next we will discuss some good reasons.
Civic is a good investment it doesn't require third-party taking username or password. All the information only sits on your devices and not even on blockchain. So without your express permission no one can have your information. Civic is partnered with TransUnion for real-time alerts. When there are changes to users credit report it is estimated that in 2016 alone fifteen point four million adults in the US were victims of identity fraud resulting in a loss of 16 billion dollars while globally almost 1.1 billion identities were stolen last year. So as you can see that we have a great need to have security platform that provides secure way to identify yourself in a simple way. This gives huge potentials to civic I hope you enjoyed this post and learned more about civic.
