In an exciting collaboration, COTI and Civic have joined forces to provide users with complete control over their digital identities. COTI, known for its fast, lightweight, and secure confidentiality layer on Ethereum, has partnered with Civic, a leading identity management tool provider for Web3. This partnership aims to ensure maximum data protection and confidentiality for Civic users by utilizing COTI V2's confidentiality layer for Dynamic decentralized identity (DID) offerings.
Shahaf Bar-Geffen, CEO of COTI, expressed enthusiasm about integrating COTI V2's confidentiality layer into Civic's platform. He highlighted Civic as an industry leader in Web3 identity management tools and emphasized COTI's commitment to partnering with industry front-runners. The collaboration seeks to bring Dynamic DID into full production by working closely with Civic's expert team.
A user's digital identity encompasses their data, credentials, and identifiers existing across the internet. As online activities become more prominent, users recognize the importance of actively managing their digital identities to prevent data breaches, hacks, and unauthorized data exploitation. Utilizing COTI V2's confidentiality layer allows for data verification and computation while maintaining encryption integrity.
Civic recently introduced a physical ID card for Civic Pass holders, enhancing user protection and minimizing AI-driven identity fraud risks. The alliance between Civic and COTI signifies a significant advancement in safeguarding user digital footprints and credentials.
Both COTI and Civic are dedicated to ensuring user data privacy as they engage with decentralized applications (dApps) and explore innovative Web3 use cases securely. By utilizing COTI V2, dApps can interact with Civic identities and query complex insights without compromising sensitive data, thanks to Dynamic DID's privacy-preserving garbled circuits.
The partnership aims to establish true user self-sovereignty over their digital identities within the expanding Web3 landscape. By securely storing sensitive information with Civic without physical disclosure, users can comply seamlessly with regulatory frameworks such as Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
Civic, a prominent identity management tool provider for Web3, empowers individuals to manage their identities privately and efficiently across various platforms through its flagship product, Civic Pass. This integrated permissioning tool helps business customers secure access to on-chain assets while ensuring user identity, presence, and reputation management.
COTI, known as the fastest and lightest confidentiality layer on Ethereum, offers advanced data protection solutions on the public blockchain using Garbled Circuits cryptographic protocol. By enabling confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more, COTI paves the way for Web3 innovation and adoption.
For further information on Civic and COTI, visit their respective websites.
Contact: Itai Elizur itai@marketacross.com
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