Digital Identity, Unveiling Civic and the CVC Token


Control your information


Imagine being in control of your personal information, sharing it selectively, and streamlining processes like KYC/AML with ease. This is the vision behind Civic, a platform offering secure and self-sovereign identity solutions powered by Blockchain technology.

https://www.civic.com/

Say goodbye to re-verifying your identity everywhere. Civic’s Identity ecosystem allows you to verify your information once and reuse it across various platforms. Built on the Solana Blockchain, this system boasts scalability, privacy, and proof-of-history to ensure a secure and efficient experience.

The CVC token serves as the lifeblood of the Civic ecosystem. It facilitates payments for smart contract commands and helps maintain the Blockchain. Here’s what CVC does:

  • Settles transactions: Whether you’re accessing services, sharing verified information, or participating in the network, CVC facilitates seamless transactions within the ecosystem.
  • Incentivizes participants: Validators and users are rewarded with CVC for contributing to the network, fostering a collaborative environment.
  • Governes behavior: Civic’s token behavior model encourages positive interactions by aligning everyone’s interests with the ecosystem’s well-being.

How Does Civic Work?

  • Verification: Share your personal information securely using the Civic app. Encryption and hashing safeguard your data, ensuring only authorized parties can access it.
  • Marketplace: Service providers and validators buy and sell access to verified information with your consent. Choose who accesses your data and for what purpose.
  • Control: You remain in control of your information. Decide when and with whom to share it, empowering you to manage your digital identity effectively.

Civic Pass, Civic’s latest project, builds on the concept of Soulbound Tokens (SBTs). It merges off-chain verifiable credentials with on-chain passes, creating a secure and versatile way to manage your digital identity across multiple Blockchains.

Civic’s impact extends beyond personal identity. It empowers businesses with efficient KYC/AML solutions and fuels innovative use cases like age verification and even identity-powered vending machines.

Civic’s mission is to make data control and digital identities accessible and affordable for everyone. With its innovative approach and community-driven ethos, Civic offers a glimpse into a future where you control your identity and participate in a more secure and transparent digital world.