Crypto Academy Week 6 Homework Post for @gbenga Blockchain Security Effect on an Industry

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Image from: https://pixabay.com/

Digital Identity

Personal Identity Security

In this technological and modern world, hacking and Identity theft are considered to be a hot issue in the aspect of cybercrime. There is a study in the year 2019 that there are 14.4 million victims due to identity fraud and that is an estimate of 1 in 15 people.

Identity theft has different perceptions to manipulate documents and personal information and blockchain can be a tool to help prevent from gathering data such as security numbers and other contact information. As we all know, our information is a major factor that is needed to be secured. Thus, blockchain implementation has been developed in order to challenge criminals who try to obtain different data. This proves the use-case of blockchain for preventing these modes of cybercrime.

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Identity image, from: https://marketingland.com

Different companies and businesses are in need for a a unified digital identity system. Major companies also accept this type of system that provides digital identity on their employees and workers.

Besides having a better working environment most of the society are in favor of this type of system that makes them feel more secure. And through Blockchain-based digital identity systems, this can be possible.

Working towards creating a global identity is a bit far from where it stands now, but the work has already started in the right direction.

Blockchain Use-case

One of the use-case of blockchain is for the identity security industry. As you have read above, it's a main issue for companies and they are struggling to find a solution for it. Blockchain can help with that.

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Civic website screenshot: https://civic.com

Civic is a blockchain solution for fintech/cybersecurity

This is an AI-powered identity verification tool combined with human review that ensures users are real through verification.

Civic is a blockchain-based platform that is integrated in a digital wallet that can double as an identity card. It gives people more control over their digital identity.

Civic can make integration and management of identity verification easier. With Identification Verification by Civic, a business has an option to get started quickly and offer mobile user onboarding that can meet requirements for international compliance.

This platform is available as an app both in Android and iOS devices:

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Civic blockchain wallet for cybersecurity for iOS: https://l.civic.com/1RP0bpRMg7

You can download it here for iOS devices.

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Civic blockchain wallet for cybersecurity for android: https://l.civic.com/7ORfjRLMg7

You can get it here for Android devices.


Closing Remarks

I hope this article was helpful for you guys to understand how important cybersecurity is and how blockchain can help the industry with it. Especially with platforms like Civic, that enables blockchain to assist with this industry. Thanks a lot to @gbenga for creating this homework task for us. To @steemitblog for the initiative, and to @steemcurator01 & @steemcurator02 for the support!

Thanks so much, see yah!

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Civic is a good project which protects individual information while serving as an identity card built on the Blockchain.

Rating 6

Thanks a lot for the review professor!