Civic
Performance
Converter
Metrics
Derivatives
Liquidity
Classification
Recent events
Social activity
Links
Contracts
0x41e5…e94e45Top markets
Supply
Latest news
Key facts
Civic in numbers
Civic (CVC) ranks #634 by market capitalization, at $24.74M. It belongs to the Tools sector (Identity, Reputation, and Credentialing). It has traded since Jul 17, 2017, across 88 markets on 22 exchanges, with $9.02M of volume in the last 24 hours. Its all-time high of $1.68 was reached on Dec 25, 2017; the current price is 98.8% below that peak. Its cycle low of $0.0118388 came on Mar 13, 2020.
1.00B CVC are in circulation. 4 investors are recorded as backers, including Digital Currency Group, Pantera Capital, Blockchain Capital. 2 team members are listed. On Ethereum, 61,795 addresses hold CVC. It is available on 2 networks.
About Civic
Civic is a provider of identity and access management solutions for the Distributed Ledger technology sector. It offers identity tools for smart contracts, decentralized applications (dApps), and other DLT platforms, ensuring security, compliance, and interoperability. Civic Pass offers features like Sybil and AI resistance, access control, and compliance with regulatory requirements.
Background
Civic is attempting to create a decentralized identification platform that allows users to control their personally identifiable information (PII). The team believes that by using a distributed, cryptographically secured database users can gain greater control of who access their data and how it is stored, reducing identity theft and increasing access to identity for many in areas where government services are lacking. Civic imagines a broad set of applications such as travel documentation, banking, credit, and web credentials.
Personal identification services are currently provided via the Civic mobile app. The app allows users to upload their personal data which is stored locally on their device using encryption and biometric locks. Storing data in this way gives the user full control over their data and can remove the risks involved with Civic holding user data in a central database.
Current services are not fully decentralized and rely on the company to verify a user’s credentials before validating them for use. After verification, an attestation is added to the blockchain providing proof-of-ownership for users. Requestors can confirm that the details being provided by a user belong to that user by checking the attestation provided on the blockchain.
In the future, using the Civic (CVC) token as an incentive, the team plans to create a fully decentralized system. Civic believes that the future system will allow users complete control over how their information is verified and remove the ability for governments or other organizations to censor data, which they see as compelling enough to make a blockchain potentially worth the cost and inefficiency involved in building a distributed system

