Product Overview: Civic Identity Verification
Civic Identity Verification is a cutting-edge, blockchain-based identity management system designed to securely manage and share personal information, ensuring user control, privacy, and trust across various platforms, particularly in Web3.
What it Does
Civic Identity Verification allows users to create and manage a verified digital identity, enabling them to securely share their identity information with third parties without compromising their privacy. This system is built to address the challenges of traditional identity verification methods by providing a secure, efficient, and cost-effective solution for managing personal data.
Key Features and Functionality
Digital Identity Management
- Users can create a verified digital identity by downloading the Civic Secure Identity app, where they input personal information such as name, address, and government-issued ID details. This data is encrypted and stored on the user’s device, protected by biometric security.
Blockchain-Based Attestation
- Once verified by Civic’s validators, attestations of the identity data are recorded on the blockchain. These attestations serve as proofs of verification, allowing third parties to confirm the authenticity of the identity without accessing or storing the underlying personally identifiable information (PII).
Proof of Personhood (PoP)
- Civic’s Proof of Personhood feature links each verified identity to a unique wallet, ensuring that the identity belongs to a human user rather than an automated bot. This is achieved through non-transferable tokens called Civic Passes, which are tied to verified wallets.
Civic Pass
- Civic Pass is the flagship identity management product, offering global blockchain identity verification. It includes features such as real person liveness checks, global identity verification (KYC), watchlist screening, IP-based location checks, and email and phone verification. Civic Passes are stored in the user’s wallet and signal that specific aspects of the identity have been verified, allowing access to decentralized applications (dApps).
Hybrid Identity Solution
- Civic ID encompasses three components: digital identity through the Civic Pass platform, a physical Civic ID card equipped with an NFC chip, and mobile wallet integration. The physical ID card, available in over 190 countries, provides a tangible verification of identity and combats AI-driven identity fraud. This hybrid approach integrates digital and physical identities to offer a comprehensive verification solution for both digital and real-world scenarios.
Enhanced Identity Verification
- Civic’s enhanced identity verification includes advanced tooling for financial services builders to comply with local laws. The Civic IDV Pass indicates that a user’s government-issued identity document has been verified and matches the individual presenting it, making it easier for companies to meet Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) requirements.
Validator Network
- Validators play a crucial role in verifying the authenticity of identity data submitted by users. They cross-check the data against reliable sources and generate attestations that are stored on the blockchain. Validators are rewarded in Civic tokens (CVC) for their services, incentivizing thorough and accurate verifications.
User Control and Privacy
- The system ensures that users retain full control over their data, allowing them to share their identity verification status with third parties without exposing the actual PII. This setup enhances privacy and ownership of personal information.
Benefits
- Security and Privacy: Civic’s use of blockchain technology and encryption ensures that user data is secure and protected from unauthorized access.
- Efficiency: The system allows for reusable KYC and personal identity information, streamlining the identity verification process across multiple services.
- Compliance: Civic’s tools help companies meet AML and KYC requirements, making it easier to comply with regulatory standards.
- Trust and Verification: By providing a verified digital identity, Civic helps build trust across Web3 platforms and prevents fraud, deepfakes, catfishing, and sim swaps.
In summary, Civic Identity Verification is a robust and innovative solution that leverages blockchain technology to provide secure, efficient, and privacy-centric identity management, making it an essential tool for individuals, businesses, and regulators in the Web3 ecosystem.