Civic, a blockchain identity verification technology that allows consumers to authorize the use of their identities in real-time recently announced the rollout of its partnership with blockchain asset exchange company ShapeShift.
The partnership will see Civic provide added security features for Prism, ShapeShift’s newest product, a user-friendly ‘trustless’ blockchain asset portfolio protocol.
For some, one of the main barriers to entry to blockchain assets is a concern about security and privacy and the ability to easily transact without complicated user interfaces and wallets.
Through the partnership with Civic, ShapeShift and its Prism platform hope to gain the trust of users and illustrate that cryptocurrencies are truly available to everyone.
Emily, Chief Marketing Officer of ShapeShift stated:
“ShapeShift was excited to integrate with Civic for our Prism platform as it allows us to further align with our dedication to providing strong security features across all of our offerings. We are fanatical about user security and are happy to be able to provide further protection for our customer’s identities and financial assets from the growing trends of cyber fraud and identity theft.”
The Prism platform is currently in private beta and registrants will be granted access over time by the ShapeShift team.
Civic CEO Vinny Lingham echoed her statement saying:
“We are pleased to welcome ShapeShift’s Prism platform to Civic’s Partner Network. This collaboration marks another milestone on our roadmap to building our global ecosystem for on-demand, secure, and low-cost access to identity verification services.”
To use the verified ID system with Prism, users must download the Civic mobile app and complete an Identity Validation Process. The process verifies credentials to ensure ownership of the identity and establishes the required level of trust. The data is fully encrypted in the Civic app on users’ devices, not stored by Civic or Prism, making it impervious to typical data breaches and protecting the user’s identity.