Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Blockchain identity startup Civic announces strategic partners

Civic, a blockchain-based identity verification startup headquartered in California, has announced its plans to launch a number of strategic partnerships in order to promote widespread adoption.

The announcement follows the startup’s successful token sale drive in which it sold $33 million in digital tokens designed to provide purchasers with access to an identity verification ecosystem. According to the official release, the token sale had over 50,000 prospective purchasers and approximately 8,000 successful purchasers worldwide.

According to the terms of the token sale, Civic set aside 33% of the 1 billion tokens it created to distribute to partners. The startup said that it has already allocated over 20 million tokens to more than 20 partners in return for promoting adoption of the Civic ecosystem and building network effects. Some of its strategic partners, include:

Augmentors, Bayonet Technologies, Bankcoin.global, BnkToTheFuture, BitGo, C.O.S.S., Doc.ai, Injii, Jaxx, Keynua, Lykke, Propy, REIDAO, ShapeShift, RSK, StockTwits, SweepSouth, TokenMarket, Turo, Inc., WikiHow, Xapo, and Yola

"Encouraging wide distribution is something that we have really focused on because we are trying to build a network effect. These partner sites, including WikiHow (a top 100 global web property), have over 250 million monthly active users across their various properties and have committed to implementing Civic by the end of 2017. This is a great start to building the Civic network since our successful token sale last month, and now we will continue to forge more partnerships to strengthen this network and give Civic users more opportunities to leverage this technology”, Civic CEO Vinny Lingham said.

Founded in 2015, Civic aims to enable users to share and manage their fully verified identity data by using blockchain technology and biometrics. Its ecosystem will reduce the overall cost of KYC, remove inefficiencies, enhance security and privacy, greatly improve user experience and disrupt the current identity verification supply chain.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.