Civic, a blockchain-based id administration platform, has teamed up with Rentality, a Web3 automobile rental service, to introduce a brand new option to confirm driver’s licenses and implement age restrictions.
This partnership makes use of blockchain know-how to deliver a better degree of safety and compliance to the automobile rental business, beginning on the Base community, in line with a press launch shared with crypto.information.
The idea, referred to as the Civic ID Verification Move, permits Rentality customers to confirm their id and driver’s license on-line without having to go to a bodily rental location. This verification course of eliminates the necessity for intermediaries, akin to rental firms or brokers, making it sooner and extra environment friendly.
As an alternative of publicly revealing private data, the Civic system allows customers to show their id privately whereas complying with authorized necessities.
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How the Civic ID Verification Move will work
For these unfamiliar with blockchain and Web3, the know-how allows individuals to work together instantly via decentralized platforms, bypassing conventional third events. Blockchain is a digital ledger that securely data transactions, making it helpful for numerous industries. On this case, it helps customers confirm their identities and hire vehicles with out involving rental businesses or insurance coverage firms.
In accordance with Civic CEO Chris Hart, this collaboration ensures security and compliance for each automobile homeowners and renters.
“With the Civic ID Verification Move, customers can confirm their id with out publicly revealing delicate data and suppliers can adjust to know-your-customer (KYC) necessities. By working collectively, Civic and Rentality encourage the security of drivers and vehicles belonging to homeowners in keeping with regulatory necessities without having in-person verification.”
Chris Hart, CEO of Civic.
Rentality’s CEO, Oleksandr Tatura, talked about that the partnership is already dwell in Miami and can quickly increase to different U.S. areas.
Rentality goals to streamline automobile leases by connecting renters and automobile homeowners instantly. To hire a automobile, customers join their crypto pockets to the platform, register, and full the verification course of with a Civic ID move. Fee might be made utilizing numerous cryptocurrencies.
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