Tel Aviv, Israel, March 27, 2024, Chainwire

COTI, the world's quickest, lightest, and most safe confidentiality layer, declares partnership with Civic, a number one supplier of Web3 id administration instruments, to make sure full information safety and confidentiality for Civic customers Did. The partnership will see Civic use its COTI V2 confidentiality layer for its Dynamic Distributed ID (DID) service.

Shahaf Bar-Geffen, CEO of COTI, stated: “We’re excited to combine COTI V2's confidentiality layer into Civic's platform. Civic is an business chief in id administration instruments for Web3, and COTI continues to accomplice with business leaders. We sit up for working with Civic's knowledgeable crew to deliver Dynamic DID up and operating.”

COTI V2's Dynamic DID leverages Civic Cross, a verified credential and non-transferable token within the consumer's pockets. Civic Cross serves as an enter to fulfill regulatory necessities comparable to anti-money laundering (AML) and know-your-customer (KYC).

A consumer's digital id is a private report of their information, credentials, and identifiers that resides throughout the Web. As extra of our lives happen on-line, customers more and more acknowledge the significance of proactively managing their digital identities to keep away from information breaches, hacking, and non-consensual information monetization. It’s now acknowledged. COTI V2's confidentiality layer permits information to be each verified and computed whereas remaining absolutely encrypted.

Civic has prioritized consumer safety, as seen with the latest introduction of bodily ID playing cards for Civic Cross holders. This permits Civic customers to show their id and decrease the specter of AI id fraud. Civic and COTI's partnership represents a significant step ahead in defending customers' digital footprints and credentials.

Each COTI and Civic are dedicated to offering full information privateness so customers can leverage dApps and discover modern Web3 use circumstances with confidence. The power to handle a sophisticated model of a consumer's decentralized id (DID) in COTI V2 will enable dApps to work together together with his ID in Civic and question advanced insights with out accessing delicate information.

COTI V2 leverages the privateness safety options of garbled circuitry to unlock Dynamic DID, a robust improve that allows superior options comparable to delicate information sharing and sophisticated calculations. As a design accomplice, Civic is built-in with COTI V2 throughout all phases of COTI V2 improvement: Devnet, Testnet, and Mainnet.

This partnership is a significant step in enabling true self-sovereignty of customers' digital identities as extra individuals be a part of the Web3 ecosystem. Customers can safely retailer delicate data in Civic with out bodily disclosing it, whereas enabling seamless compliance with regulatory frameworks comparable to anti-money laundering (AML) and know-your-customer (KYC) necessities. .

About CivicCivic is a number one supplier of id administration instruments for Web3, utilizing reusable on-chain representations of identities to allow individuals to simply and privately handle identities throughout the chain. The corporate's flagship product, Civic Cross, is an built-in permissions instrument that allows enterprise prospects to securely entry on-chain belongings. Customers may handle their id, presence, and fame utilizing the dashboard. Civic goals to turn into the world's most trusted on-chain id instrument utilized by billions of individuals day by day. Civic was co-founded by Vinny Lingham and Jonathan Smith in 2015.

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About COTICOTI is the quickest and lightest confidentiality layer on high of Ethereum. COTI leverages the groundbreaking cryptographic protocol Garbled Circuits and introduces a cutting-edge and compliant resolution for information safety on public blockchains, secured by Ethereum. Paving the way in which for the subsequent wave of Web3 innovation and adoption, COTI unlocks a complete new world of use circumstances, together with confidential transactions, synthetic intelligence, DeFi, decentralized id, and extra.

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contactItai Elizur[email protected]

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