Nikolas Sargeant
COTI, the world’s fastest, lightest, and most secure confidentiality layer on Ethereum, has entered into a strategic partnership with Civic, the leading provider of identity management tools for Web3.
In a press release shared with Cryptowisser, COTI said the partnership will help ensure full data protection and confidentiality for Civic users. It will also see Civic using COTI V2’s confidentiality layer for the Dynamic decentralized identity (DID) offering.
While commenting on this latest development, Shahaf Bar-Geffen, COTI CEO said,
"We’re excited to integrate COTI V2s confidentiality layer into Civic’s platform. Civic is an industry leader in the field of identity management tools for Web3, and COTI will continue to partner with industry leaders. We look forward to working with Civic’s professional team to bring Dynamic DID into full production".
COTI V2’s Dynamic DIDs use Civic Pass, a verified credential and a non-transferable token in the user’s wallet. COTI explained that Civic Pass can serve as inputs to meet regulatory requirements like Anti-Money Laundering (AML) and Know Your Customer (KYC).
With COTI V2’s confidentiality layer, users can leverage their data to provide both verification and computation while staying encrypted throughout. The two companies are committed to providing users with full data privacy as they engage with dApps and explore innovative Web3 use cases with confidence.
Thanks to COTI V2, it is now easier to manage an advanced version of users’ decentralized identity (DID), a feature that will empower dApps to interact with Civic’s digital identities and query complex insights without accessing sensitive data.
Furthermore, COTI V2 unlocks Dynamic DID, a powerful upgrade that allows for advanced features like confidential data sharing and complex calculations. Civic will be integrating with COTI V2 across all phases of COTI V2’s development: Devnet, Testnet, and Mainnet, as a design partner
Thanks to this partnership, users can securely store their sensitive information with Civic without having to physically disclose it, while still enabling seamless compliance with regulatory frameworks like Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
Civic is a leading provider of identity management tools for web3, empowering people to easily and privately manage their identities across chains with an on-chain representation of their reusable identity. The company’s flagship product, Civic Pass, is an integrated permissioning tool that helps business customers enable secure access to their on-chain assets.
Meanwhile, COTI is the fastest and lightest confidentiality layer on Ethereum. Powered by the breakthrough cryptographic protocol Garbled Circuits and secured by Ethereum, COTI introduces the most advanced and compliant solution for data protection on the public blockchain.
