This article was first published on Blog – Civic Technologies, Inc.
Identity.com is the decentralized identity marketplace we’ve been operating over the past couple years that is making it safer and easier to exchange identity information between two parties. We’ve done that by creating a platform that utilizes the latest crypto technologies and smart contracts so that these transactions are private and secure, whether or not the two parties know or trust each other. This has been a remarkable step forward toward building a new identity ecosystem.
Today, we are excited to announce that moving forward, Identity.com will be operating independently as a 501(c)(4), a nonprofit organization to promote social welfare. The vision for Identity.com has always been to operate independently from Civic, and in fact, one-third of the CVC tokens were allocated for distribution to incentivize participation in the ecosystem at the time of the token sale. Now, with the official launch of Identity.com as a nonprofit, Civic is transferring the incentive tokens to Identity.com and partners, like wikiHow and Coinbase Earn. Civic will remain the largest holder of CVC tokens for the time being, with two-thirds of our 330M tokens currently unlocked. We want to reiterate that we have no intention to sell our tokens at this time.
With its substantial progress, Identity.com is ready to spread its wings [actual link needed] as an independent nonprofit organization. At Civic, we’ve always been of the mindset that such an ecosystem should not be owned by any one entity because its mission is to bring benefit to the greater good. So, Identity.com will continue to operate with the goal of helping decentralize the world’s personal information and providing a marketplace where people can transact, making it seamless and secure for people to get control of their personal information.
Identity.com runs on the CVC ...
To keep reading, please go to the original article at:
Blog – Civic Technologies, Inc.