Connect with us

Blogs

Civic (CVC) Just Secured a Brand New Partnership

Published

on

Civic
READ LATER - DOWNLOAD THIS POST AS PDF

Civic, although ranked below the top 100 list, has become known as one of the digital assets that aim to democratize blockchain technology and crypto-based transactions. That is because, although without a price that matches its potential, CVC is finding a way to make blockchain technology more accessible for individuals who are not particularly tech-savvy.

CVC represents a coin with a great potential. Some of that potential was spotted in the unique features of CVC revolving around identity services that are thought to be highly unique and extremely functional. That is how Civic just got closer to democratizing blockchain technology as it acquired a brand new partnership that can be deemed as a potential booster for CVC in the following months.

Civic Partners up with Enkidu: Two Blockchain Projects Collide

Although seemingly just another partnership in the line of several that CVC has acquired during the past few months, Enkidu represents more than just a partner. Besides from sharing the same idea with Civic, being a blockchain based platform, Enkidu is based on collaboration while the main objective of their technology is to bring people together.

Civic has a similar idea, as it wants to democratize blockchain technology, bringing people closer while making blockchain understandable and global payments fast and safe.

One of the main goals behind the team CVC ideology is to have blockchain based payments integrated into social networks, that way making blockchain technology closer to masses while being more available and easily attainable.

loading...

Besides from working on democratizing blockchain technology, CVC is known for some unique identity features, which is the exact thing that brought Enkidu to Civic, that way enabling these two foundations to start a promising collaboration.

The main objective of the project Enkidu is to enable smooth business collaboration that would include payment and team split, that way solving common collaboration problems that often appear in business.

Enkidu claims that their blockchain platform will revolutionize the way the companies are collaborating.

However, in order to do so, Enkidu will have to work on some improvements first and that is how CVC came into the game.

Apparently, Enkidu has some issues with providing a foundation for their idea, so their project is unable to see any sign of progress as there is generally a lack of trust and the feeling of safety on the platform, considering the fact that users are not offered appropriate solutions.

KYC the Key to Partnership with Civic

Some of the common problems that Enkidu was having troubles with was setting up joint accounts, ID verifications, and small projects turn out to be very expensive with their collaborative model. Enkidu then turned to blockchain technology, but still their registration process while creating your company with Enkidu is still said to be pretty much repetitive and unnecessarily lengthy, which affected the trust of their users as a consequence.

That is how Enkidu decided to provide their users and all potential clients with a trustworthy solution, and as CVC had a perfect solution, Enkidu will be using their KYC features in order to improve their services and provide better user-end experience.

Civic mobile application will be able to secure data as well as securing Enkidu users by creating a safe ecosystem with biometric sensor features all backed up with distributed ledger technology which will consequently diminish the need for re-importing data and personal info of Enkidu users.

The new KYC service features will then consequently make creating a company with Enkidu less repetitive and more convenient for interested clients, which was all brought by Civic/Enkidu partnership.

The CEO of Enkidu added that civic makes up for a perfect partner given the fact that the new KYC services make up for a reusable solution that will successfully establish a secure environment for Enkidu platform, that way enabling the further progress of collaborative solutions and blockchain networks.

With providing security for Enkidu platform, Civic’s CEO didn’t lack praise for Enkidu, stating that they are happy to announce the initial partnership. The CEO of CVC also added that Enkidu makes up for a promising blockchain project in more than several areas, that including smarty contracts.

He concluded his statement by adding that as one of the promising smart contract platforms Civic is happy to become a crucial part of security on Enkidu platform, as KYC makes up for a very important factor when it comes to smart contract adoption.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

DGB Price Prediction For 2018 and Beyond

Published

on

DGB price prediction
READ LATER - DOWNLOAD THIS POST AS PDF

With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

Continue Reading

Altcoins

Why ZCash (ZEC) Is Heading to $10k

Published

on

ZCash
READ LATER - DOWNLOAD THIS POST AS PDF

Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

Continue Reading

Altcoins

Ripple XRP Mega Breakout: What’s Next?

Published

on

Ripple XRP mega breakout
READ LATER - DOWNLOAD THIS POST AS PDF

The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

Continue Reading

Trending