Civic (CVC) is a secure identity ecosystem developed for businesses and individuals. Civic gives these entities access to a set of tools that can be used to control and protect identities for low-cost and at a global scale.
Users will be able to use their phones, which has information like name and passport number in order to identify themselves at alcohol stores, airports or across borders in order to save potential documents that could be lost. The white paper can be viewed here.
Overall, Civic’s Ecosystem project is to have a secure and decentralized identity system in order to remove the need for paper documents that can be lost easily. One key problem I thought about was the reliability of the authentication factors as seen with iPhone, Samsung models the fingerprint isn’t one hundred percent going to work each time. If they can avoid certain problems such as those I can see them gaining some attention from big businesses or individuals.
In order for Civic to protect itself from an attack, they don’t keep personally identifiable information. Instead, data is stored within the Civic App on the user’s mobile device, in order to stop data breaches so they aren’t responsible that user is if they lose access to their phone.
Transactions may not be completed without a biometric proof of identities, such as a facial, voice recognition or other key biometrics mentioned above, in order to ensure that only users can access their sensitive personal information.
Civic will be used at Insured Declared Value (IDV) Services this allows the identity validator and identity prover to receive civic paid in transactions as a reward for mutually sharing information.
The Secure Identity Platform is known as SIP which uses blockchain technology in order to keep users identities, decentralized and secure. The Secure Identity Platform offers multiple factor authentication techniques such as fingerprints, face recognition and heartbeat in order to verify that the account is the users.
The Secure Identity Platform is combining multiple reputable sources with fraud detection algorithms, manual auditing, and their own internal decision engine in order to be at a high pass rate for legitimate users while mitigating the risks of fraudulent behaviour.
Civic also provides private keys that are generated by a third-party wallet, providing a firewall between Civic and users’ keys. The Civic platform is therefore not a valuable target for hackers due to decentralization of the data and multiple factor authentications in order to keep it secure.
