Review on Civic by Robiul Islam

Name: Civic
Item: Civic
Rating: 4

June 15, 2019

A Secured Identity For Everyone.

A system of identity verification should be decentralized, open and encrypted to offer maximum value to all parties involved. This is especially true in underdeveloped countries, where lack of proper identification prevents people from voting or getting access to crucial health and financial services.
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Potential applications: Voter ID proof
, Secure Information Communication
, Prevention for case of mistaken identification
, Economic inclusion
, Information Security
, Citizen Registration
, Related entities inter communication.
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The best approach for Civic is to start small by targeting groups that exist within their own ecosystem, and provide unique identification for access to different parts of that ecosystem. Universities and large companies with 1,000+ employees are a great example of this.
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The users would be the students / employees, and the service providers would be the cafeteria, gym, dorm room and classrooms. From there, Civic will acquire a healthy database of users, whose validated identities can be made accessible to service providers outside of the companies they work for and the schools they attend.
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This direction should ensure a more organic form of improvement, by allowing users to ease into the Civic ecosystem without instantly disrupting their everyday processes for identity verification.
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Updated 5 years ago

Rating has not been changed

It has a lot of partners in the crypto space, including ShapeShift, Hilo, 0x and the Chamber of Digital Commerce, according to its partners page, and it’s been able to enlist a lot of ICO projects who need to run KYC before selling tokens. 
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It’s possible for a company to create their own money supply as long as the market sees future potential. So, Civic – being the only entity, currently, that provides the know-your-customer (KYC) verification within the system – will be paying itself in CVC tokens for the service.
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Pros

It aims to prevent Identity fraud, which is a massive issue as outlined in whitepaper.
Very Secure, High availability.
Save Authentication Time, Fair Price.
Service providers could save billions of dollars annually on KYC compliance.
Users get to save time by not repeatedly verifying their identity for each new service provider they interact with. Users in underdeveloped countries will benefit by having a digital identity which they can use to access basic health and financial services, as well as the ability to vote.
An efficient blockchain ecosystem there is no need to verify the same details verified over and over.

Cons