Civic Technologies, Inc.
Name
Civic Technologies, Inc.
Summary
-Civic is a blockchain-based identity management protocol.
-Civic was co-founded in 2015 by Vinny Lingham and & Jonathan Smith.
-Cvc is an ERC 20 token based on the Ethereum platform.
Rating
Symbol
CVC
Overview
Civic is helping businesses and individuals manage their personal information with blockchain-based identity verification solutions.
Civic is developed to enable users to verify their identity with service providers, while still maintaining full control over their personal information.
It allows businesses to onboard users faster using its AI-powered verification system, which when combined with human review helps businesses cut down on fraud and stay compliant with AML regulations and OFAC rules.
Health Key is Civic’s newest product. This is an app that allows employers to securely verify the health status of employees, to ensure they are healthy enough to return to the workplace after an infection with COVID19 — such as if they test positive for antibodies or have been vaccinated. This is achieved without compromising the privacy of the employee.
Historical Price Movement (in INR)
Technology
Civic uses a unique Reusable identity verification method which is the core concept of the platform, which allows people to safely and securely divulge blockchain-attested information. An attestation is effectively the hash of an underlying element of personal information, plus metadata relating to that hashed element, and it enables users to distribute the verification of previously audited personal information, their personal information, or both, giving users full control over their data and identity.
We currently use a Bitcoin-based blockchain for attestations anchoring and Ethereum as a Smart Contract Platform for implementing Marketplace dynamics between participants of the ecosystem. The transaction-per-second is defined by the underlying blockchain of Bitcoin and Ethereum. For the Marketplace implementation, we are collecting multiple Marketplace operations within a timeframe into a single Ethereum Transaction in order to increase the overall throughput.
Retained by Civic
33%
Rewards and Incentives
33%
Token sale costs
1%
Token sale
33%
Volume ( as of 25Th April)
$41,900,080
Total Supply
1,000,000,000 CVC
Circulating Supply
670,000,000 CVC
Crowd Sales
Civic has raised a total of $35.8M in funding over 9 rounds
Funding
13/06/2018- Secondary Market-N.A
11/04/2018-Secondary Market-N.A
16/03/2018-Seed Round-N.A
21/09/2017-Seed Round-N.A
22/06/2017-ICO-N.A
22/06/2017-ICO-$33M
28/02/2017- Seed Round- N.A
29/06/2016-Convertible Note- N.A
27/01/2016-Seed Round-N.A
Country
USA
Year Incorporated
2015
Registered Address
San Francisco Bay Area, West Coast, Western US
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Jonathan Smith | Co-Founder & CTO | University of the Witwatersrand Bsc, Electrical Engineering | 19.5Yrs |
| Juan Pablo B. | CPO | University of Michigan - Stephen M. Ross School of Business MBA, Marketing and Strategy Universidad de Lima,BS, Industrial Engineering | 22Yrs |
