Civic Launches First CVC Token-Powered KYC and Accredited Investor Checks with Votem
Civic partners with Votem to ensure the security and transparency of the KYC and accreditation processes during the company’s presale.
SAN FRANCISCO, March 7, 2018 — Civic, the leading blockchain identity-verification technology provider, today announced its partnership with Votem to launch the first CVC-Powered Know-Your-Customer(KYC) process. Votem is a technology platform that enables citizens, organizations and governments around the world to easily manage or participate in online voting. The partnership brings trusted identity services to Votem, enabling a secure and transparent pre-sale, without the risks and costs associated with collecting and storing personal identity information.Votem’s platform and team improves the effectiveness of voting by ensuring the integrity of the voting process; the confidentiality of the voters’ choices; and validity of the results – for both private and public-sector elections. Votem will host a public token presale for accredited investors beginning February 27.
Civic will register & authenticate Votem’s presale participants without the need for usernames and passwords, and verify their identity using blockchain-powered attestations. Users store their identity documents and attestations using the Civic App and can reuse the attestations with upcoming ICOs. The Civic decentralized ID verification & KYC model represents a new level of security and professionalism in the token sale process. This will help ensure that Votem’s process is secure from start to finish.
“We are pleased to welcome Votem to Civic’s Partner Network and provide the first-ever reusable KYC services for token sales and ICOs. This collaboration marks another milestone for Civic’s ecosystem and for on-demand, secure and low-cost access to identity verification services,” said Civic CTO, Jonathan Smith. “This partnership is especially impactful, not only because it is the first CVC-powered KYC, but because Votem also falls squarely in line with Civic’s long-term vision of bringing decentralized democracy to life through blockchain technology. With Civic and Votem coming together, fair and secure digital voting starts now.”
“Votem is honored to innovate and partner with Civic around the KYC process for our presale. We believe this will set a new standard for token sales and are honored to be working with them in this regard. We also think this sets the groundwork for a long-term strategic partnership around the secure and accurate authentication of voters since we share a common vision of making voting more secure, accessible and verifiable. Votem was founded to improve free and fair elections around the globe and with our partnership with Civic, we know that we have a solid partner to help us achieve our mission,” said Pete Martin, CEO of Votem.
Civic will help guarantee the security and transparency of the KYC and accreditation processes by verifying the identity of each potential participant in the Votem presale and, where needed, do advanced Accredited Investor checks for US persons.
More information about Votem and its token pre-sale can be found here.
Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017.
Votem® is a blockchain-based mobile voting platform enabling citizens around the world to easily vote online with an unprecedented level of verifiability, accessibility, security and transparency. Founded in 2014, Votem is on a full out offensive in order to change the way we vote and believes that mobile voting will create positive change in the world by bringing modern voting to the world. Votem has more than 8.2 million votes on its blockchain platform. Votem has received praise and accolades from various institutions including the Cleveland Technology Awards and OHTech Best of Tech Awards.