Civic is a decentralized identity ecosystem that allows for on-demand, secure and lower cost access to identity verification via the blockchain. Through a digital Identity platform, users to set up their own virtual identity and to store it along with their personally identifiable information on the device. This information will go through a verification process conducted by the identity validators on the platform and then ported into the blockchain where service providers can access it with the proper permission from the user.
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to identity verification services via the blockchain, such that background and personal information verification checks will no longer need to be undertaken from the ground up every time. Civic also intends to introduce a Civic token, or CVC, that participants in the ecosytem will use to transact in IDV-related services. Civic hopes this ecosystem can reduce the overall costs of iDV, remove inefficiencies, enhance security and privacy, greatly improve user experience and disrupt the current IDV supply chain.