In my opinion, Civic is one of the most undervalued coins in the market today. Digital identity management and security is going to be massive - not just because of blockchain and cryptocurrencies, but because of progress in the digital age and artificial intelligence.
Civic has an excellent team, a strong well respected (even though sometimes unnecessarily vocal) leader, a proven working platform, and an early start being a prime mover, already have a good number of relationships and customers.
Take your call.
Civic has an excellent team, a strong well respected (even though sometimes unnecessarily vocal) leader, a proven working platform, and an early start being a prime mover, already have a good number of relationships and customers.
Take your call.
The problem is the project is closed source. We dont know how secure it is.
Im a fan of open-sourcr projects cause it shoes transparency as long as they dont open source it then its not for me
That's not the only problem I see. The other obvious problem is how the heck their concept will become reality. It seems about as practical as everyone having flying cars.
How many government entities (ie. TSA), businesses, banks & organizations are going to accept a closed source blockchain as their "proof of identity" for customers, employees, clients, etc? They are just going to take this one database entry that they have no control over and a fingerprint as proof of identity? Who originally verifies all the information I enter is correct? Who validates any new information added is correct? What happens if I make two accounts with different information? Are there any safeguards put in place to identify fake information?
Additionally, how many individuals are going to put all of their personal information on a closed source blockchain based network/database? Just because you tell me my data is "encrypted" doesn't mean it's safe. All an encryption needs to be broken is a public & private key pair. It would seem to me that the folks at Civic would make more money off of selling all the users identities than they ever would off of the technology itself (not at all suggesting they will do this).
The general population doesn't accept or trust blockchain technologies. Sure, it may in the future. But we aren't there yet -- not even close. It is going to be YEARS AND YEARS before a mass population is going to be willing to put all their private information in the hands of a blockchain technology. How long before TSA (I use this example because it is shown in their video on their website -- they brought it up) accepts your blockchain based identity to get on a plane? Probably about a million years.
This is the reason I haven't invested in Civic. Seems like a cool idea -- I just don't see it ever happening.
