Smartlands Partners with Civic to Bring Secure, Reusable KYC to the Smartlands Platform
August 31, 2018
Smartlands, a platform for tokenization of real economy assets, today announced a partnership with Civic, the leading global identity provider, to implement identity verification services. This partnership brings secure, trusted identity verification, including Know Your Customer (KYC), to the Smartlands platform, establishing security safeguards that are critical to establishing trust and handling customer data.
The Smartlands Team has completed the test integration of Civic’s KYC application with the Smartlands Wallet, to ensure technological compatibility of the platforms.
Civic is an identity verification platform, powered by blockchain technology. With Civic, customer data is stored locally on a user’s mobile device, protected by biometrics and encryption. This allows users to have control over their personal information and allows them to safely and securely share their identity information on-demand. By implementing Civic identity verification solutions, Smartlands will insure that customer data is private and secure while improving convenience and user-experience.
KYC is a procedure for validating the identity information of customers, which is required for many businesses that work in the financial services industry.
About Smartlands: The Smartlands platform is designed to create a new class of low-volatility future-proof security tokens, backed by assets (asset-backed tokens or ABTs) and establish an appropriate infrastructure for Security token offerings (STO) in full compliance with legislation, protecting investors from major part of risks. Smartlands’ mission is to provide a comprehensive and inclusive protocol to invest securely in profitable projects globally for investors of any level of wealth and origin.
About Civic: Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017. For more information, visit https://www.civic.com.