Identity.com is a non-profit identity verification service that provides consumers with a decentralized and open-source platform to exchange and verify personal information.
Using the Civic (CVC) token, users can access a safe and easy way to transact through the non-custodial, multi-sig Civic Wallet. Using Identity.com’s blockchain-based ecosystem, invaluable documents and data can be shared and verified in a secure environment without the need for a trusted third party.
CVC is also used to incentivize stakeholders to participate on the platform and deter them from behaving maliciously. The Ethereum-based token power’s Civic’s identity verification protocol, and reduces the need for service providers to constantly re-verify identifying information
The project aims to not only make the process of identity verification quicker, but cheaper too. According to Civic co-founder and CEO, Vinny Lingham, “[As] the cost of identity verification starts to lower globally, [it] then becomes easier, safer, cheaper, and more secure to issue digital identities to everyone in the world in the future.”
In a blog post from late-2019, he also mentioned that this will lead to better data hygiene, ensuring companies only take the minimum amount of data required.
Kriptomat offers the lowest possible market CVC price in euros (CVC to EUR).
Check out how to buy Civic on Kriptomat.