Validators such as financial institutions, government entities, and utility companies are able to verify the identity of a User, and record this approval on the blockchain in the form of an attestation. Every time an attestation is created by the Validator or used by a Requester, the Validator gets paid in CVCs for providing decentralized identity services.
Validate documents & personal information once and receive CVC payments every time the attestation is used by Requesters.
All transactions are safely done via the Blockchain, so you don’t have to worry about 3rd party systems compromising your security.
Use the Marketplace infrastructure to find and bill Requesters that require validated user information. The reusable component reduces verification overheads.
Currently, Identity Requestors can use CVCs to leverage permission-based, real-time authentication of identity data verified by a Civic Identity Partner.
Identity verification is a voluntary information exchange between the User and the Requester. The Civic Secure Identity Platform (SIP) stores and shares Authenticated Data only with User permission, while the Civic Marketplace is a decentralized environment where CVCs are used for attestation payments. An individual downloads the Civic App, establishes an account, and, upon signing up for Requester services, they verify their identity on the blockchain and share the Authenticated Data with Requesters.