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Identity Verification for ICOs Provided by Civic. A solution for the Whole ICO Ecosystem

mirofameApr 22, 2018, 1:11:51 PM

☑️First Impression

Are you tired of uploading personal documents time and time again to prove your identity? Administration of personal data and bureaucracy is a slow and friction-inducing process everywhere. It is especially true for ICO investors who tend to invest in multiple ICOs a month. Civic gives us a solution for the whole ICO ecosystem with their products.

✅What is Civic security identity platform?

Civic security identity platform is tool for verification and authorization in the digital world. Digitalization in administration is becoming easier and cheaper. The authorization of the personality has never been as much important as now. The platform is based on Blockchain and the architecture is decentralized. The Blockchain and biometrics of the mobile devices ensure multi-factor authentication without a username, password, third-party authentication or physical hardware token. The platform is our safe deposit box, which open the doors to secure access in financial sphere, medical sphere, social sphere, crypto-currency world, e-commerce and e-signature access. The main idea of the project is to protect ourselves and to get peace of mind.

☑️Identity Verification for ICOs

Why Identity Verification for ICOs is so important?

Our Government certifies our identity. If we are not capable to prove our identity we are nobody and we can’t use the services in the country. The main purpose of known identity in the digital world and ICOs is to prevent crimes – making a bank loan with different identity, starting work, corruption, bureaucracy, use of medical services which are not legal for other people, etc.

The crypto-currency world also has wide perspective for frauds and maybe this is hundreds times easier for hackers and for malicious users. In many countries identification is too strict and some things don’t have practical advantages. But in other countries the crime is stronger, because of the lack in their system. In my opinion, it should be something similar to both of them – strictly, when it has practical advantages, and more liberal when we buy daily needs.

Do you think that we need something easier and secure? I do. The biggest issues in administration systems are identification of the people and organizations, which leads to slow and boring procedures for the user.

Our main unchangeable characteristics can be used as a key in Civic identity verification platform only thorough our smartphone, which acts the role of our wallet. We can use it with the same mobile device. Here comes my question. If I change/lose or buy new mobile device how I can prove that here I am? Maybe Civic will answer me…

⚠️Benefits of Identity Verification for ICOs

Civic will help ICOs to sell tokens to the right people, who are verified. The process in Civic is safe, streamlined, fair and transparent sale process thanks to Blockchain system and biometrics. The use of Civic’s products reduces risks and gives us guarantee for our identity and correct feedback in real time. The other benefit is the streamline authentication. New account creation is simplified because users verify their identity data through the Civic app. This is testimony that Civic must to be strict and correct in the verification. Now we also have the ability to democratize Token Distribution. 

⚠️Disclaimer & Disclosure: None of what I provide in my articles is investment advice. Please do your own due diligence. A link to the article will be sent to the ICO team and they may issue a reward for it.

 Civic's Website: https://www.civic.com/

 Civic's Whitepaper: https://tokensale.civic.com/CivicTokenSaleWhitePaper.pdf