CVC, which stands for Civic, is a universal payment method in the Civic ecosystem. It's not just a token, it's a solution to a very familiar problem. The issue is authenticating organizations, service providers, and institutions online over and over again, allowing users to store cryptocurrencies and identities. The Civic platform allows users to set up their virtual identity and use that identity for authentication. This can be done using an open source ecosystem of Identity.com that uses a "blockchain-based decentralized marketplace to connect identity requesters, authenticators, and users to reusable authentication services." After the authenticator validates the personally identifiable information, the reference to the locally stored personally identifiable information is transferred to the blockchain and made available to the service provider with the appropriate permission of the user.

Civic's new ecosystem will reduce the overall cost of KYC, eliminate inefficiencies, enhance security and privacy, greatly improve the user experience, and restructure the current authentication supply chain.

With the application of identity authentication more and more widely, identity digitalization is an inevitable trend, and with the comprehensive arrival of intelligent technology society, electronic identity authentication will also be used very frequently.

Decentralized decentralized identity ecosystem reduces the overall cost of KYC through block linking, reduces efficiency, and enhances security and privacy.

Civic uses blockchain and cryptographic Hash technology to build an online identity management platform. Once authenticated, Civic hashes the information once, inserts the Hash value into the public blockchain, and removes the personal data from the server. The personal information is only stored on the user's mobile device. If a user logs on to another site (Civic's partner) and needs to authenticate, the user can share any information the site asks to fill in. The site uses algorithms to compare Hash values on the blockchain, and once authenticated, the site can use the site's services, but the site does not need to store any personal information. If the site is compromised, users' personal information is not at risk because it is never stored anywhere other than on their devices.

In the Civic ecosystem, CVC can be used to purchase personal or corporate data. Simply put, it's a paid exchange for private information.

The smart contract of the Identity ecosystem in Civic is built on Ethereum, where user Identity information will be stored using hash values for subsequent authentication, so all aspects of the user experience, including data invocation and authentication, will depend on ethereum's efficiency.

Secure Identity for Everyone: Civic enables people to control and protect their identity Secure ID Platform: Enables users to securely access your websites and services through our application using Civic Secure ID. Reusable KYC: Meet KYC requirements with Civic's easy-to-use, private and secure solution. Identity theft Protection: Civic protects you before, during, and after an identity theft incident. Secure Identity Platform: Through our decentralized architecture using blockchain and biometrics on mobile devices, our platform provides multi-factor authentication without the need for usernames, passwords, third-party authenticators or physical hardware tokens. Support blockchain security: 1. Keys are generated by third-party wallets that provide a firewall between Civic and user keys. 2. Identity data is fully encrypted in the application on the user's device and can be accessed using biometrics. Verify that the authority's public identifiers, hashes to identify and indicate data, are still valid.

Citizen tokens (CVC) are ERC20-compliant tokens on the Ethereum blockchain. Civic plans to use smart contracts, ideally built on Rootstock (" RSK "). In addition, the Civic ecosystem will include Civic's existing applications, through which users share their PII with selected Validators and agree to transactions by interacting with smart contracts, as well as software developed by Civic, Validators and service providers use the software themselves to be able to interact with smart contracts. While Civic will develop the initial smart contract and the software that will be available at launch, the ecosystem will be open to third-party providers.

Civic is a multifactor authentication system based on blockchain and biometrics that can accurately and securely identify users on mobile devices without the need for user names and passwords. It has already developed mobile apps and apis for business applications. CVC adopted the queuing and quota investment method based on its own identity authentication system in the ICO stage, which avoided the large investors to let the chip distribution is very wide, and avoided the ICO stage caused by the blocking of ethereum network, which was widely praised by the community. In addition, the project operation team and technical team are short of blockchain professionals, but the consultant has strong technical strength.

CVC is mainly on the notarization and security track, as the digital authentication market is huge, including Uport, Blockstack, Air and OpenID, new blockchain applications will be created in the future. To succeed, Civic will need to build more partnerships and become mainstream as quickly as possible. It is mainly concentrated in the field of crypto asset trading, which is not well recognized by traditional commercial organizations and has great difficulty in market promotion.

The project code is not open source, there is no great development in the application, and there is no hope for a large number of commercial applications in the short term. However, there is no obvious competitor in the industry, and the development resistance is small.

At present, most blockchain + identity projects can be roughly divided into two types. One is user-led and controlled, that is, users can voluntarily and selectively display their personal information to a third party. One is authentication, where the user stores information in the blockchain and then authenticates their identity directly through on-chain interaction. Civic falls into the latter category. As a matter of fact, it is difficult to see the advantages of such digital identity projects in the short term, because identity management and authentication are generally controlled by the government or approved third-party companies, and it is difficult for other unauthorized companies to be recognized for development.

The project operation team and technical team have insufficient blockchain professionals, which makes it difficult to promote in the market.