Civic is a personal identity verification protocol or a decentralized identity management service that runs on Ethereum’s blockchain that allows real-time protection and authorization request of authenticated digital identities.
Whenever you open a bank account, cryptocurrency wallet, loans, or any other services, you need to undergo through the same verification process - submission of the documents proving your identity. Depending on the type of service, the verification process could take days or weeks.
Civic offers a solution to this problem, where you only need to input your personal identity once in the Civic Network and it allows any organization to cross-check your data on the blockchain without asking you to provide the same information again. Civic is a personal identity verification tool that can be transferred from one service to another.
CVC is the ticker symbol of Civic’s token that you will find on exchanges.