Civic (CVC): One of the most desired feature that has helped the blockchain industry gain so much popularity and acceptance in its few years of existence has been the ability to facilitate privacy levels beyond what was previously available in traditional models of transactions. Privacy requirements have however necessitated more innovative ways of authentication in order to guarantee safety and security of users in the blockchain ecosystem. The Civic platform is a system that was built for the blockchain community to facilitate authentication in blockchain based systems while retaining the privacy of their users and networks have already begun using it in their ecosystem.
The social media platform Hilo introduced civic’s identity verification system into its platform, a move that has increased Hilo’s credibility by ensuring the risks of access and transactions by unauthorized persons has been mitigated. Hilo allows crypto traders access to a variety of informational and interaction tools that help them understand the digital coin ecosystem better and identify investment opportunities for the future. Hilo users will be able to have more control over their identity by accessing it through the Civic (CVC) application. Besides protecting users’ identity, the application has also been enabled to facilitate recovery measures in cases where a user’s identity has already been stolen. The tools also work in real time mitigating against identity theft attempts that are in progress. Hilo users will be able to enjoy greater security levels further guaranteeing the credibility of items shared on the platform.
Many services have relied on being able to authenticate users accurately both internally in organizations and in interactions between organizations and outside parties. Some key industries that have been targeted by civic include the financial sector where lenders require high levels of trust to extend loan facilities to clients. The application also targets the travel and transportation sectors which have required greater levels of security especially with the increased levels of sophistication in international crimes and the global risk of terrorism. Governments have in some cases issued blanket bans on movement for persons from certain jurisdictions termed to be of high risk. The Civic application would be able to facilitate a more individualized approach to target risky persons rather than generalized decisions that also affect innocent persons and legitimate businesses.
The Civic application is working on a system that would facilitate elections and bring more credibility in the process of democratic selection of leaders and representatives. This has been one of the greatest areas of contention with several countries experiencing periods of unrest and chaos resulting from disagreements on the credibility of elections. This application has applications beyond just government related election processes but also in other areas that have traditionally used elections in selecting representatives at different levels.
An interesting demonstration of the potential of civic’s authentication features was shown in a partnership between Civic (CVC) and Anheuser-Busch. Through the Civic application, users were able to scan a QR code in order to identify whether or not they were of drinking age. This proves that Individuals, businesses and other organizations have the ability to implement Civic authentication measures in systems of any kind and scale to facilitate different types of processes. The platform has been hailed for bringing a blockchain product that is seen to have the potential for significant impact in the society.