Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Civic Selects Onfido to Power Identity Verification for Its Civic Wallet

AI-Powered Identity Verification and Blockchain Puts Civic Wallet Users in Control of Their Own Data

Onfido, the award-winning global identity verification platform, announced a partnership with Civic, the premier blockchain identity and payment solution provider, to power the company’s Civic Wallet, which will be available this fall. Onfido will enable the company to onboard new users swiftly and securely while giving them more control over their privacy.

@Onfido powers the new Civic Wallet, AI-powered identity verification that puts users in control of their own data and money

Civic Wallet, currently open for pre-registration, is paving the way for the next generation of digital wallets, where both identity information and crypto live on the device. This enables consumers to maintain control of their personal data, protecting their identities and money. It also offers peace of mind and simplicity when transacting with cryptocurrencies. With Civic Wallet, consumers may store, send and receive crypto safely and seamlessly in a way that sets a new vision for the industry. Private keys are safely stored on the user’s mobile device, and redundant backup systems ensure that the digital wallet may easily be restored if a person’s mobile device is lost or stolen.

Read More: Closing the Outsourcing Engagement Gap for Leaner and More Profitable Operations

Related Posts
1 of 40,601

Onfido’s ​​technology enables Civic to quickly and easily verify the identities of people signing up to Civic Wallet. Users simply take a photo of their government-issued identity document and then Onfido’s AI-powered technology assesses whether it’s genuine or fraudulent and compares it against their facial biometrics. Civic’s own blockchain-based technology secures personal information by allowing multiple parties to use personally identifiable information without sharing the underlying data, giving more control to the consumer.

Combining Onfido’s AI-powered identity verification with BitGo’s multi-signature blockchain technology will reduce fraud and result in a network that’s safer for everyone. The combination of identity and payment also enables a frictionless user experience that allows for a new subset of product offerings such as age-gated products like beer vending or geo-restricted services.

Read More: 4 Things to Keep in Mind When Investing in Tech Startups

“We chose to partner with Onfido because they share our vision of providing everyone with a digital identity they may own and control,” said Civic CEO and Co-Founder, Vinny Lingham. “As our earliest identity.com validator, we saw firsthand how their AI verification technology delivered higher pass rates without compromising on fraud protection. Growing this partnership was the best match for us and for Civic Wallet.”

“We are privileged to partner with Civic and work together in pursuit of using blockchain for decentralized identity management,” said Husayn Kassai, CEO and co-founder at Onfido. “We bring trust to digital interactions worldwide, and we’re excited to be partnering with a company that shares our goal of making access to digital services simple and secure.”

Read More: Luminoso Launches New Capabilities to Accelerate Customer Feedback Analysis for

1 Comment
  1. Scrap copper transportation says

    Copper scrap identification Copper scrap disposal solutions Metal handling services
    Copper cable scrap packaging, Metal salvage center, Copper scrap community outreach

Leave A Reply

Your email address will not be published.