COTI, a leading confidentiality layer on Ethereum, has collaborated with Civic, a prominent identity management provider for Web3, to offer users complete autonomy over their digital identities. This partnership aims to enhance data protection and privacy for Civic users by integrating COTI V2’s confidentiality layer, specifically designed for Dynamic decentralized identity (DID) offerings.
Shahaf Bar-Geffen, CEO of COTI, expressed excitement about the integration of COTI V2’s confidentiality layer into Civic’s platform. By leveraging Dynamic DIDs with Civic Pass, users can enjoy verified credentials and non-transferable tokens in their wallets, ensuring compliance with regulatory standards like Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
With the increasing significance of managing one’s digital identity in the online realm, the partnership between Civic and COTI represents a significant step towards safeguarding users’ data and credentials. Civic’s commitment to user protection is exemplified through initiatives like introducing a physical ID card for Civic Pass holders, mitigating the risk of AI-driven identity fraud.
The integration of COTI V2’s confidentiality layer allows for confidential data sharing and advanced computations while maintaining data encryption. This collaboration empowers users to securely store sensitive information with Civic without compromising privacy, thereby enabling seamless compliance with regulatory frameworks.
By utilizing garbled circuits, COTI V2 introduces Dynamic DID, enabling features like complex calculations and confidential data sharing. The partnership with Civic underscores a shared dedication to ensuring users have full control over their digital identities in the evolving Web3 ecosystem. Through this collaboration, users can securely manage their identities and seamlessly interact with dApps while upholding data privacy and confidentiality.
