Civic is a cryptocurrency and blockchain company creating a secure identity platform for use on mobile devices that provides multi-factor authentication. CVC Price Today. Civic price today is $ with a hour trading volume of $36,, CVC price is down % in the last 24 hours. watchcoinprice.com, a leading identity verification non-profit, owns the CVC utility token and uses it to incentivise stakeholders for participating and maintaining. CGI LIMITED CRYPTO
Another major advantage of Civic CVC is its quick response time. Users can get verified in minutes from their mobile devices. You can achieve verification by submitting any of the identity documents accepted. Additionally, the platform takes a global approach by including documentation from across countries. Notably, you can also verify emails and phone numbers using the system. For those seeking even more efficiency, the platform supports advanced biometric features.
Specifically, you can utilize 3d face matching for photo verification. There is also a new liveness detection system that ensures the users attempting to utilize your Dapp is a real person and not a bot. There are bots that serve all types of purposes in the market today. These bots can steal trade secrets, bog down networks, and target your users.
Through the integration of biometrics comparisons, liveness checks, and document verification, Civic CVC eliminates bots from the equation. Both of these systems have been proven to be highly effective at protecting data. Notably, AES has a key length of bits. As such, it supports the largest bit size. Civic operates as an Ethereum-based protocol.
Ethereum provides Civic with a host of benefits. One of the main advantages of this strategy is interoperability. Civic users can leverage the full spectrum of ERC compatible wallets, Dapps, and DEXs decentralized exchanges available in the market. This added interoperability improves the user experience and introduces more ROI opportunities.
Notably, Civic CVC is unique in that it leverages an advanced AI-powered identity verifications system, coupled with human review. This combination improves the overall performance of the network as the AI speeds up the initial compliance actions. Notably, adding the final human approval to the equation adds another level of security. The main product of the network is the Civic Wallet. This protocol streamlines the verification process in multiple ways.
For one, it eliminates human error and fakes. Businesses can integrate the Civic Wallet Directly at their entrance in the case of bars or registers for other applications. The Civic Wallet also provides an age verification system. Stores can save big time in penalties and other costs when they integrate Civic. The Civic SDK package is designed to help developers incorporate these advanced tools into their Dapps.
The SDK streamlines integration by boiling the entire process down to simply adding a few lines of code. By eliminating the technical barriers associated with adding Civic, more developers can leverage its powerful toolset to keep their users protected. CVC operates as the main utility token for the network. Users can send value across the globe in seconds using this cryptocurrency. The firm issued 1 billion CVC tokens in total.
Civic CVC officially entered the market in July via a public crowdsale. The network was founded by Vinny Lingham and Jonathon Smith. It has a circulating supply of ,, CVC coins and the max. You can find others listed on our crypto exchanges page. Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.
The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information. Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.
Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app. The Civic ecosystem is enabled by a unique utility token known as the Civic token CVC , which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.
Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.
Civic was launched in , following a sell-out initial coin offering ICO the year prior. Vinny Lingham is a serial entrepreneur who appeared on Shark Tank South Africa in , and has co-founded several prominent firms, including a South Africa-based investment fund known as Newtown Partners and Gyft — a Google ventures-backed digital card platform. Jonathan Smith is the current CTO of the platform and has more than 15 years of experience in the banking industry.
In addition to the founders, the Civic team includes a host of highly successful individuals, including COO Chris Hart, who has two decades of experience in senior finance, and previously held the role of CFO at Guidebook and Nextag. Civic is built to make it easy for users to verify their identity with service providers, while still retaining full control over their personal information.
It allows businesses to onboard users faster using its AI-powered verification system, which when combined with human review helps businesses cut down on fraud and stay compliant with AML regulations and OFAC rules. This is an app that allows employers to securely verify the health status of employees, to ensure they are healthy enough to return to the workplace after an infection with COVID19 — such as if they test positive for antibodies or have been vaccinated.
This is achieved without compromising the privacy of the employee. Check out Renme REM — an ecosystem of identity management products. Take a look at ShareRing SHR — a decentralized sharing economy with a self-sovereign identity module. Learn more about digital identity with CoinMarketCap Alexandria. Stay on top of the market with the latest news, updates, and insights with the CoinMarketCap blog. The current circulating supply can be found in the right data panel.
As of December , the million tokens allocated to Civic remains untouched. It is currently being held in a multi-signature Ethereum wallet, which can be tracked here. Once complete, the CVC token and associated transactions will be secured by a network of validator nodes. For a full list of exchanges, check the market pairs section.
To learn more about purchasing cryptocurrencies like CVC with fiat, check out our comprehensive guide. Cryptocurrencies Tokens Civic. Civic CVC. Rank Market Cap. Fully Diluted Market Cap.
View value statistics, market cap and supply.
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