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Blockchain technology opens up a lot of ways for new companies to disrupt pre-existing industries. Civic (CVC) has stated that it aims to disrupt the identity verification (IDV) industry by using the blockchain to change the way we interact with the world.
Civic is primarily designed for 3 main users:
Service providers that need to verify their customers' identity Validators that hold their customers' identification documents, such as banks, or those that provide IDV services General users that want to access and verify their identity for various services. For example, proving they are not underage, or opening a trading account on the stock market The blockchain lets Civic verify user information without actually revealing any personal information. For example, a user might confirm their full name, address, date of birth, phone number, social security number and credit score to a company, without actually giving the company any of that information. Instead, that particular user can simply have it confirmed via the Civic platform. This can be done with 100% certainty thanks to smart contracts on the tamper-proof and immutable blockchain. Similarly, a company won't need to verify a user's information independently. This saves them the headache of needing to operate within an entirely separate industry standard for the management and storage of sensitive customer information.
As well as improving the privacy of identification, another key goal of Civic is to provide without easy access to government ID a way to participate in services such as health care and finance.
CVC is the native token of the Civic platform and is used for confirming transactions and verifying identities.
Civic (CVC) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $111,935,435. The current price of Civic is $0.2338, which is -0.008% lower than yesterday. Prices have ranged between $0.2473394 and $0.2205392 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 26, 2022 10:05 UTC.
| Coin symbol | CVC |
|---|---|
| Coin Marketcap | AUD$111,935,435 |
| Total CVC supply | 1,000,000,000 |
| Circulating CVC | 670,000,000 |
| Current price | AUD$0.2338 |
| All time high | AUD$2.646 |
| All time high date | March 13, 2020 |
| Notable team members | Vinny Lingham, Jonathan Smith |
| Partnerships | Johnson Controls, Liquid Meta |
| Industry | Identity |
| Token uses | Utility token, digital currency |
| Network | Solana |
Historical prices compared with the price of $0.2338.
| 1 hour | -4.53% |
|---|---|
| 24 hours | -0.01% |
| 7 days | 0.05% |
| 14 days | -4.60% |
| 30 days | -0.49% |
|---|---|
| 60 days | 17.06% |
| 200 days | -43.08% |
| 1 year | -48.13% |
Disclaimer: Cryptocurrencies, including Civic, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CVC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Civic or any other cryptocurrency discussed.
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