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.
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.
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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.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
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