Civic,Civic is building an ecosystem that is designed to facilitate on-demand,secure and low-cost access to identity verification (“IDV”) 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 ecosystem 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. Bitcoin,Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary.
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