Encrypt Your Identity with CIVIC

2 months ago
72 in cryptocurrency

Screen Shot 2017-12-07 at 10_Fotor.jpg

A growing issue these days as crypto gains a bigger presence is that of identification.

With increased government regulations, and implementations of KYC practices- that’s know your customer, it seems that the days of anonymously investing in ICOs are behind us, if you’re a U.S. citizen.
But it’s more than just wanting to be anonymous, there is resistance to these requirements to identify ourselves because… who actually enjoys giving out their personal info? And to have that associated with blockchain technology, a technology that permanently stores information is all the more reason to be apprehensive about this.

But if done correctly, blockchain tech can help alleviate this situation in some ways by at least bringing security in the form of encryption to your sensitive information.

There exists in this world an entity called Equifax, it’s a consumer credit reporting agency that stores very personal information of millions of people. Information like names, birth dates, social security numbers and driver license numbers.
You may have heard about this before or recognized it from the news when its database was hacked in the Spring of this year, but they didn’t release this information until months later.
It is very much a centralized authority and quite frankly, with that amount of sensitive information it was only a matter of time before something like this happened.
Here’s a distributed, blockchain based solution that has the potential to replace things like Equifax.

Today I’m focusing on Civic.

This one is all about securing your sensitive identification information in a way that gives you at least a little bit of peace of mind if you ever need to verify your identity or other aspects of yourself.

Now just as a personal disclaimer, I am not a fan of any use of mobile devices when it comes to securing anything like personal identity or when cryptocurrency is concerned.

You can use their app to scan your documents, and Civic or a “third party verifier” then verifies that the content is valid. Your information is encrypted for security and you’ll then be able to pick and choose which information is shared to whichever entity is requiring your verification. For sure this can help make the verification process much easier than having to take multiple photos of your drivers license for each time you need verification, but I am curious to know exactly who this other “third party verifier”, so if anyone knows an answer to this, go ahead and leave a comment down below.
So in a way you’re centralizing your own verification information for your convenience, but with the distributed aspects of Civic, if your information or someone else’s information is somehow compromised, that incident is compartmentalized and will not lead to the entire network getting compromised.

In addition to making verification easier, Civic also provides identity theft protection in the form of:

One thing that really caught my eye that is listed in the “Coming Soon” section of their website is that they are planning on adding “black market monitoring”.

So many times cryptocurrencies are thought of as black market currencies that is only good for using on the dark web, it’s cool for me at least, to see this kind of effort as a precautionary measure to help prevent ID theft.

The memberships being offered at the moment include the free membership which currently offers the $1 million theft insurance. And there is the standard membership which will cost you $2.95 a month which offers more credit monitoring options and the 24/7 support line.

Additional Reading/Sources:

Equifax Hack
Equifax Website
KYC Explained
Bittrex Dealing with More Regulations
How-To Verify Identity on Crypto Exchanges
Civic Website

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Sort Order:  trending
46
  ·  2 months ago

hi

58
  ·  2 months ago

What is the point of crypto if we have to give out all of this info? Now certain exchanges want your info and a photo of you to boot. What happened to the crypto in crypto currency?

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40
  ·  last month

Take a look at the Bitshares DEX. Low volume at the moment but it's non-invasive.

https://bitshares.org/

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58
  ·  last month

Cool. Thanks for the info

57
  ·  2 months ago

I love the idea of Civic and I think it can definitely be a force for good but what is the function of the Civic token really!? I've found very little information about what functionailty it actually has

46
  ·  2 months ago

I couldn't agree with you more, Civic is great. It has the potential to keep the most sensitive personal information of people safe from hackers. In recent years there has been a steady stream of incidents in which the personal information of millions of people was compromised due to hacks. When even Equifax - which is responsible for compiling and safeguarding the sensitve personal information that is the lifeblood of its business - gets hacked, that tells you everything you need to know about the need to improve the safety of our personal information.

Civic offers the real potential, using the blockchain, to prevent these types of hacks from occurring in the future without the need for centralized storage of the information. This will be a compelling value proposition for big business, which will have the ability to access the information they need without the need the gather and store it themselves. Believe me, that is the last thing they want to do, because having that information is costly to maintain and try to protect, which is outside their core competencies and subjects them to expensive lawsuits and humiliating negative publicity when something goes wrong.

I am happy to have a position in Civic and think it will turn out to be a good investment.

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56
  ·  2 months ago

Tell me about it. In March 2018, GDPR (General Data Protection Regulation) will be activated in EU, a serious headache for me and other software developpers, loads of work...

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41
  ·  last month

Encrypt your identity with NationalSA

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48
  ·  last month

I better hope that the big exchanges encrypt personal user data well.
What if a big exchange like Kraken or Bittrex got hacked.

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8
  ·  2 months ago

Great read overall! Thanks for sharing! Looking forward to hearing more of your thoughts on the crypto markets!


https://steemit.com/bitcoin/@college-is-dumb/bitcoin-crash-sunday-bitcoin-overpriced-investment-banks-manipulating-futures

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51
  ·  last month

@fechaugger that's something I've been thinking about as well. I'm new to crypto and have been blown away about the amount of personal data I've had to share to be able to trade, I am usually crazily protective about the info I share online. I like the idea of encrypting my identity with something like Civic, and I can see the market value in it, but as @heiditravels said, who is the third party verifier?

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36
  ·  last month

Right, that's the question.

45
  ·  last month

Great post

53
  ·  2 months ago

Thanks for telling us about this. Interesting that they currently have a free membership level.

59
  ·  2 months ago

Not your best pic. You have had previous pictures that were much better click bait.

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72
  ·  last month

Thanks Dave.

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63
  ·  last month

Nothing wrong with your picture :)

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51
  ·  last month

Clickbait? Where's the rolling eyes or face palm emoji when you need it!

59
  ·  last month

Why don't you post your videos on https://d.tube ?

Link
@heimindanger
@dtube
Discord Dtube

33
  ·  last month

How long until governments make it a requirement for all citizens to be 'Civic-alised'?

48
  ·  2 months ago

Two old expressions came to mind while I was reading this post. One "experience is the best teacher", and the other "necessity is the mother of invention" . Very timely and generous of you to share up to date developments in this crazy world of crypto.

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49
  ·  2 months ago

right on, those expressions literally nail this post on the head. Since I found your comment substantive, you receive a well deserved upvote from me to you @windrockswater

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48
  ·  last month

Thank you I appreciate being replied to at all, it's an affirmation. Really appreciate it.

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49
  ·  last month

You bet!

53
  ·  2 months ago

I hope it does replace these data stealing thieves. I mean in every sense one is forced to use it and have all private info taken and stored in trust and this happens to millions of people through their negligence. Yes, I hope this replaces and closes up their faulty, shoddy business.

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34
  ·  last month

I agree with you completely. The stealing of one's personal information is absolutely ridiculous.

55
  ·  last month

Thanks for such a wonderful post.

47
  ·  2 months ago

Great sharing

52
  ·  2 months ago

Interesting post, I like these new platforms, and more for us Venezuelans that this is practically our source of revenues.

40
  ·  2 months ago

The only difference between extortion and taxation is scale

54
  ·  2 months ago

Lets hope for the rise of civic from all of this. Same here as @eroche, nothing working due to congested network.

Good clarification on how civic works, think a lot of people need to know more about what it is used for (Im talking about myself hahaha)

43
  ·  2 months ago

good information

43
  ·  2 months ago

I think it has 25X potential I brought atleast 55 at 0.37.

42
  ·  2 months ago

The world is changing, I think that technology is a great tool, it allows us and helps us to obtain many benefits, we must be aware that some specific problems may occur, but technology does not definitely help in communities today. ..
for example, the ATMs that some unscrupulous people can make some scam, but they represent a very small minority compared to the volume of transactions that are made ...

So you have to be aware, take precautions and understand that the world will continue to go and one deside to ride on the wave of change, or let the wave take you revolcanote inside it ...

Anyway, remember it's your decision

41
  ·  2 months ago

I'm a fan of this approach. I hope one day we'll have a global identity blockchain that will help with refugee crises like the one we are experiencing now.

43
  ·  2 months ago

This is nicely crypto blog..
Give each of your posts a very sophisticated way,
I have to vote if I see your posts
You will give me a little support by voting in my comments,
And if you wish to follow me,
I promise you will not be lost,
please
Thank you very much for my profile

43
  ·  2 months ago

Nicely bolg Master.
Give each of your posts a very sophisticated way,
I have to vote if I see your posts
You will give me a little support by voting in my comments,
And if you wish to follow me,
I promise you will not be lost,
please
Thank you very much for my profile

71
  ·  2 months ago

Great to see this @heidi! Love the great work of Civic and Vinny! Thanks for sharing!

55
  ·  2 months ago

according to my forecast it is time to exit from bitcoin market as it is going for a huge correction after christmas.

38
  ·  2 months ago

Nice post about Civic.
I knew about civic as a coin but not a lot has been happening with this technology.

It would be really handy to just have one identification which can be used everywhere without reveling personal information.

51
  ·  2 months ago

Thank you very much for sharing this topic with us @heiditravels

35
  ·  2 months ago

@heiditravels Great post. I resteamed
Crypto is all about encryption. Right
So now give me your name address and ssn to participate in the party.

49
  ·  2 months ago

Civic seems like a great tool to utilize in order to keep yourself and your information safe and out of harms way from the dangers that lie within the so-called black market of the cryptoworld. I was curious to hear your thoughts as to whether or not you think something similar could happen with Civic as we saw with Equifax in hackers demobilizing users information? Civic seems to comprise many valuable tools to help against this sort of occurence with their monitoring system, full time support, alerts, etc. but what is the underlying feature that will allow this to be superior when compared to similar entities?

I am always weary about this sort of stuff, but you seem to really have an overarching and well-rounded understanding of this niche area.... I am curious to hear what you think @heiditravels

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45
  ·  2 months ago

I think whether something is attractive to hack or not depends on what information is stored. While you certainly wouldn't want anyone to get enough of your private information to commit identity theft, I'm not sure if it's the most profitable endeavour for a hacker. I kind of assume their priority would be more directly economically related and I certainly hope that neither Equifax nor Civic stores all your necessary payment information.

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49
  ·  last month

valid point you make here, thanks for sharing what you thought about my question; appreciate it!

50
  ·  2 months ago

Gold is laughable compared to cryptocurrencies. How do you frationalize gold? How do you ship it? It's physical so how do you safely store it. It was good for people 3,000 years ago. Today it is inherently worthless. Soon it will drop in value as crypto currencies climb

13
  ·  last month

Best wonderful picture

25
  ·  last month

Hmm interesting thing keep up the hard work. 👍

66
  ·  2 months ago

I have been trying to buy civic for the last few days via exodus but because of the congestion in the Ethereum network I can't get the orders through. 😒

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25
  ·  2 months ago

Buy through Changelly and send back to exodus. I had to do this as well with everything being “temporarily unavailable”. Plus Changelly rates are a lot cheaper.

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45
  ·  2 months ago

I was kind of hoping to buy cheap ether when people start questioning the ethereum network's current capacity, but I don't trust the network lol

61
  ·  last month

Congratulations @heiditravels, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 37 and the total pending payments to posts in these categories was $1899.84. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

35
  ·  2 months ago

Thanks for posting this! Really excited about what Civic has to offer

25
  ·  last month

Your absolutely correct. I did a lot of research and invested in CVC Last year when it's was around 0.24$ ( i guess). Lets hope investors and people will realize its importance and potential very soon.

43
  ·  last month

What a charming girl you are!

35
  ·  last month

Hey friends, You have presented your writing every beautiful and the place where you presented the speech is very pleasant. So thank you for your beautiful article and sweet looks.

34
  ·  last month

I also believe in Civic, i read about it a few weeks ago. But i got the feeling that its not coming of the ground.... yet. Im also wondering how secure the system is. If its its getting a hype, also hackers Will trying tot bring IT down.

43
  ·  last month

Sangat menarik :)
Semoga hari mu menyenangkan

25
  ·  last month

Cryptocurrencies may be defined that you have some money or you have no money in your wallet until you make it cash.

57
  ·  last month

As soon as I can I will encrypt my identity! :)

51
  ·  last month

excellent post !10 out of 10 .congratulations ..

I want you to see my photos .:/
maybe i can be popular too :)

25
  ·  last month

This reads like a press release.

32
  ·  last month

good post

46
  ·  last month

Just what I have been looking for. Thanks

25
  ·  last month

good info i like

69
  ·  last month

Congratulations @heiditravels!
Your post was mentioned in the hit parade in the following category:

  • Pending payout - Ranked 10 with $ 193,95
27
  ·  2 months ago

NICE post !

62
  ·  last month

Interesting, thanks. I am going to go check their site now. Never heard of Civic, do you know if they are the leader as of now for this kind of verification or are there other companies? You just decided to review them?

54
  ·  last month

This sounds like something that doesn't need to be another crypto-currency but perhaps it will be a useful thing someday.

29
  ·  last month

Hi Heidi thank to your posts. If you wish to visit Turkey we will gladly accept as our guest.

35
  ·  last month

A new idea but wonderful, I wish you good luck.

36
  ·  last month

That's an important post, as all of us are in need of securing our personal identity. The question "who is the 'third party verifier'" is more than crucial. It should not be NSA...
By the way, Heidi do you have your favorite quotes? Could I record them for you and make the recording in a form of a youtube video (could be great for an every morning re-watch)?

60
  ·  last month

great info as always. you not only my best travel blogger in steemit now you making me have idea of being more secured through civic. good enough am trying to secure my Elyte coins which i find very valuable although a new token yet to be listed. thanks for sharing this vital info. keep it up ma'am

54
  ·  last month

this is very good news for crypto investor. hopefull at the last 2018 everycoin price will be 10x or more.

63
  ·  last month

What I don't get about this is that fine, ok, you only share your identity with a set of corporations that you agree should have the information .. so far, absolutely the same as the traditional system, with all the same pitfalls.

I haven't actually installed the civic app, but from watching videos and reading about it, it seems that once you accept the sharing, the entity on the other end then gets not just your identity, but also the very same documents that were previously uploaded.

And from that point on, it's back to same old same old, the information is out there, and now it's out of your control.. what's stopping them from saving the data to their servers "just in case" ?

I don't see how slapping a blockchain to the problem is going to solve anything. The problem is that we are required to give out prints of official documents which can then be used to impersonate us.

25
  ·  last month

Heidi,
I'm new to Steemit and have been reading your posts. I'd like to talk to you about changing the world with your followers and your passion for travel. If you have some time, please read my first post o Steemit and look at my personal website and our humanitarian website. (httpshttps://toddphillips.com and https://thelastwell.org).
Let me know if you'd like to use your life ad your passions to change the world. - Dr. Todd Phillips

25
  ·  last month

Identity is the next greatest problem we have to solve. I'd argue that a block chain is the #1 solution for this too.

25
  ·  last month

Love civic!!!

26
  ·  2 months ago

Thank you Heidi for all of the time and effort you put in to make things easier for some of us to understand. I have learned so much from you.

25
  ·  17 days ago

Hey Heidi!! Do you know of any real use cases of CIVIC? Has it been tied up with some govt or organization?