Identity theft online is a growing threat that shouldn't be underestimated.
It's one of the fastest growing crimes in the world, and over 15 million citizens are affected by it in the US alone.
Now, there's a new solution to fight Identity Theft: with the help of blockchain technology!
I have a series on my blog where I'd like to share some interesting new cryptocurrency projects with you, so let me introduce this new altcoin CIVIC to you!
Overview
Name: Civic
Token: CVC
Market cap: $199,289,980 (Top 14 Asset)
Current price: around $0.58
Launched: 2017
Mission Statement: "Secure & Protect Identities - Giving businesses and individuals the tools to control and protect identities."
Whitepaper
- Website -
What is Civic ?
Civic's secure Identity platform is an app for your laptop or phone that works similarly to a wallet.
It stores your personal information securely and encrypted with the help of blockchain technology, and uses fingerprint identification to verify that you are the owner of that data.
When making a purchase online that requires identity verification and the merchant is a civic partner, you get send a QR code to your phone. You confirm the information and the data is sent directly between you and the merchant - no 3rd parties, total security.
The app allows for secure identity verification for example at banks, airports, medical institutions, government offices and more.
Civic’s model allows for on-demand, secure and lower cost access to identity verification via the blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one.
In order to embrace our vision of creating a truly decentralized identity ecosystem we now intend to launch a utility token known as the Civic Token (CVC)
Civic Identity Theft Protection
The Civic Identity Theft Protection has 4 main features:
- ID Theft Monitoring
- Monitoring Alerts
- Identity Fraud Coverage
- ID Theft Insurance
ID Theft Monitoring
Usually when making a credit card payment online, it only undergoes a credit check from the credit bureau. But with civic, the user can monitor all suspicious activity thanks to the cooperation with TransUnion. If a check gets requested that seems to be suspicious, the user gets notified.
Monitoring alerts
Users will get a direct notification as soon as any suspicious activity is detected in their account, or when their data is being used for new addresses, public records, delinquent accounts, or general fraud alerts.
Fraud Support
Civic offers 24/7 Fraud support based in the US. Whether you just have a question about the platform or you have discovered a fraud, these "identity fraud investigators" will help you find a solution.
$1 Mil Identity theft insurance
Civic offers an insurance of up to $1 Million dollars in case you do get affected by ID theft. The funds will be used to cover for lawyers, accountants and investigators in the case.
Civic Token (CVC)
The ICO for the Civic Token started on June 21st and concluded only 2 days later - because it had already reached the hard cap of $33 million.
The CVC tokens were sold for $0.10 each, but this past week they reached an all-time high of over $0.60 after the major exchange platform Bittrex had started the trade.
With a 176% rise in the last week, the CVC now sits comfortably at the Top 14 spot of cryptocurrency assets.
In my opinion, this project has more potential for future growth and it's definitely not too late to invest!
What do you think about the concept of Civic? And who invested in their token already?
© Sirwinchester