Skip to main content

How Users Can Now Secure Their Online Identities with Civic

CIVIC

Blockchain-driven digital identity fraud firm Civic has partnered up with wikiHow​ ​to provide its user base with login security.

The partnership will mean that around 150 million monthly wikiHow users will now able to use Civic’s identity platform to log in securely with a verified identity, without needing a username and password.

Vinny Lingham, CEO of Civic, said in a statement: “We are pleased to officially welcome wikiHow to Civic’s Partner Network. This collaboration illustrates our continuing, strong momentum in building our ecosystem for on-demand, secure and low-cost access to identity verification services.”

Civic says it will help improve wikiHow’s user experience, providing users with a more secure account creation and login process.

WikiHow is an open source online “how-to” platform that operates in 87 different languages. Its focus is on “teaching anyone in the world how to do anything” in a collaborative, shared-learning environment.

The advantage for wikiHow in this collaboration with Civic is that it can now verify that user accounts are created using true identities and it won’t have to deal with security hassles associated with weak passwords and password resets. All user data is encrypted in the Civic app on the user’s device and never stored by Civic or wikiHow.

"Working with Civic, wikiHow provides greater trust and security to its users," Lingham told Bitcoin Magazine. "With the Secure Identity Platform, Civic helps ensure all wikiHow accounts are created by the true owner of the identity data — which ultimately ensures that wikiHow's how-tos are created and edited by verified users."

"wikiHow is partnering with Civic because we believe in their long-term goal of decentralized identity," said Jack Herrick, CEO of wikiHow in a statement. "We hope to live in a future where people, not corporations, control their own personal information."

In an earlier interview with Bitcoin Magazine, Lingham talked about the problem of distributed mobile identity. “This is what we are focusing on now,” he said, “to build the world’s largest identity platform, powered by technology that decentralizes and secures consumer identity information.”

In June Civic sold $33 million in ICO tokens. Civic tokens provided access to the product while allowing token holders to benefit from its network effect.

The company also received $2.75 million in funding via Social Leverage, an early-stage seed investment fund, as well as through various VC firms that are engaged in Bitcoin and blockchain technology, including Pantera Capital, Blockchain Capital and Digital Currency Group.

Lingham is a vocal advocate for Bitcoin and the blockchain movement both in the media and at industry events. He was a leading pioneer in the effort to integrate bitcoin payments at Gyft during his tenure there.

He believes that blockchains are likely the most secure place to store information right now, which is why Civic is constantly assessing opportunities to leverage and capitalize on the emerging technology.

Comments

Popular posts from this blog

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category ...

Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Bitcoin  Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the  cryptocurrency market cap  clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the  bitcoin price  below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit...

How to Boost Your Credit—or Build it Up From Nothing

Now that you know  how credit works , you probably want to know how to make it work  better . While nothing is better for your credit than paying your bills in full and on time, there are ways to give it a boost. Like it or not,  credit matters . It’s also complicated. In our “Everything You Need to Know About Credit” series, we’re breaking down the basics. When a lender or landlord looks at your credit, they’re not just looking for a three digit number, they want to know how you actually handle credit. That’s why your credit report is more important than your score. That said, your score matters, too, and the good news is, there are shortcuts for boosting it in a relatively short amount of time. And if you don’t have credit at all — let’s say you’re a teenager about to start college — your biggest focus should be on building up a credit history. That way you can apply for student loans, apartments, and make sure you  aren’t gouged on bills . Here are some options...