Civic

What is Civic?

Civic Pass stands as a versatile identity and access management solution (IAM) designed for smart contracts, decentralized applications (dApps), and Web2 companies venturing into the realm of blockchain.

With Civic Pass, you gain the ability to oversee and control access to your protocol or services. This control is established through verifications you conduct or through information provided by Civic's Identity Verification (IDV) Services.

The active status of a Civic Pass serves as proof that a user's wallet underwent verification in alignment with your dApp's specifications. By scrutinizing the Civic Pass status of a wallet, your dApp can ensure that only compliant users are permitted to engage in transactions, effectively preventing non-compliant users from participating.

---

Recent Video Interview

Main points of the interview:

• Civic's identity solutions include access management, traditional KYC, and zero-knowledge proofs.
• Civic's involvement in DeFi, emphasizing a balance between innovation and regulation.
• Civic's identity wallet, now publicly available, has over 120,000 downloads.
• Enhancing cross-chain identity interoperability and working with various blockchain projects.

---

Vision

Civic envisions a world where identity goes beyond mere documentation, incorporating individual personality into the definition. The goal is to establish a digital identity that individuals own and control, emphasizing the belief that identity is a fundamental human right, meant to be universally accessible. This approach not only expands access to social rights like voting and financial services but also enables more people to participate in the emerging web3 economy. Drawing on their leadership in decentralized identity since 2015, Civic expresses confidence in realizing this future and invites others to join in building it together.

Civic Use Cases

Users can leverage the on-chain identity and access management services for smart contracts, dApps, and Web2 companies entering the blockchain. In the realm of DEFI, the platform allows individuals to conduct verifications essential for dApps' compliance processes, encompassing identity and geographical checks.

For GAMBLING applications, the system enables the verification of users for both age and location, ensuring alignment with local requirements. Access permissions can be revoked as necessary to maintain compliance.

In the context of GAMING, the platform helps ensure that players are genuine individuals of legal age, thus preventing in-game cheating and Sybil attacks.

WEB2 companies can adopt a customized enterprise-grade token-gating infrastructure, providing them with control over who can access their services.

In NFT PROJECTS, the system acts as a deterrent against mint manipulation and bot flipping by verifying that minters are human. Additionally, it prevents minors from accessing adult content or utility by implementing age verification.

For DAOs, the platform plays a crucial role in preventing Sybil attacks, voting fraud, and bot manipulation, ultimately safeguarding the DAO's treasury.

Civic Team Background and Partners

The Civic team, consisting of over 25 professionals across various domains, is led by CEO Chris Hart, a collaborative leader specializing in cryptocurrency, blockchain, and identity. Hart focuses on strategic business development and fostering a global culture within Civic.

Jonathan Smith, the Chief Technology Officer and co-founder, leads the development of a reliable digital identity system, merging expertise in cryptocurrencies, token economies, and blockchain.

JP Bedoya, the Chief Product Officer, brings extensive product leadership experience, having overseen product design at The Climate Corporation and served as VP of Product at LifeLock. The team's collective expertise spans design, development, engineering, sales, marketing, and operations.

Civic is trusted by Gitcoin, Polygon, Cubik, Unique, Ocean Explorers, Rarimo, Realms, and Metaplex.

Civic Project Development

Civic, a leading provider of on-chain digital identity services, has introduced Proof of Personhood for dApps operating on Solana. This verification method involves identifying an individual wallet as belonging to a unique human, requiring wallet owners to complete a live video selfie to confirm their personhood. To ensure ongoing validity, owners must periodically re-authenticate, reducing the likelihood of the wallet being associated with an AI agent or bot. This process offers a more effective means for dApps to screen out AI, safeguarding their services from potential abuse.

Proof of Personhood is tailored for organizations seeking a high level of certainty regarding the operation of AI-operated wallets, addressing concerns such as trading bot suppression, Sybil resistance, and DAO voting. For dApps aiming to build trust within their communities, Proof of Personhood provides assurance regarding the human identity of community members. Thanks to Solana's fast speed and low gas fees, Proof of Personhood can be established and managed on-chain.

Civic Price Analysis

As of November 24 2024 Civic has a marketcap of $118M. This is {{percentagefromath}} from its all time high of $1.35. In terms of its tokenomics, there's a total supply of 1B with 80% currently outstanding. Keep in mind Civic has a fully diluted value of $147M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.