News and Analytics

0

Civic and Rentality Introduce a New Way to Verify Driver’s Licenses

Sep 18, 2024
  1. What is Civic ID Verification Pass
  2. How Civic ID Verification Pass Works
  3. Future Plans

Civic, a blockchain-based identity management platform, has teamed up with Rentality, a Web3 car rental service, to introduce a new way to verify driver’s licenses and enforce age restrictions.

What is Civic ID Verification Pass

This partnership uses blockchain technology to bring a higher level of security and compliance to the car rental industry, starting on the Base network. The concept, called the Civic ID Verification Pass, allows Rentality users to verify their identity and driver’s license online without needing to visit a physical rental location.

How Civic ID Verification Pass Works

For those unfamiliar with blockchain and Web3, the technology enables people to interact directly through decentralized platforms, bypassing traditional third parties. Blockchain is a digital ledger that securely records transactions, making it useful for various industries. In this case, it helps users verify their identities and rent cars without involving rental agencies or insurance companies.

With the Civic ID Verification Pass, users can verify their identity without publicly revealing sensitive information and providers can comply with know-your-customer (KYC) requirements. By working together, Civic and Rentality encourage the safety of drivers and cars belonging to owners in line with regulatory requirements without needing in-person verification.Chris Hart, CEO of Civic

Future Plans

Rentality’s CEO, Oleksandr Tatura, mentioned that the partnership is already live in Miami and will soon expand to other U.S. regions. Rentality aims to streamline car rentals by connecting renters and car owners directly. To rent a vehicle, users connect their crypto wallet to the platform, register, and complete the verification process with a Civic ID pass. Payment can be made using various cryptocurrencies.

The Civic and Rentality partnership represents an important step in simplifying the car rental process while ensuring a high degree of security and regulatory compliance.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like