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The 10 Biggest Cryptocurrency News Stories Of 2018

The cryptocurrency industry was in for a rude awakening in 2018 as a precipitous decline in the value of Bitcoin resulted in layoffs, bankruptcy filings, and facility closures across the industry.

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9. Civic Works To Get More People Onto Blockchain Identity Platform

Civic coin was developed in 2017 and provides a personal identity verification protocol to their users that takes advantage of distributed ledger technology for better management of digital identities. Specifically, inputting someone's personal identification data to Civic would allow any business to cross-check the information without forcing the individual to enter the same data twice.

The company announced in September that it would be paying for identity checks for users and business partners until the end of 2018, according to CoinDesk. Every new user that's had his or her identity verified on Civic makes it a little more attractive for the next company looking for an identity platform, CoinDesk said.

Civic works with businesses such as Annheiser-Busch that need to be able to verify a user's identity, Civic said. For instance, Civic can help ensure that Budweiser beers from a vending machine are only being distributed to people of a legal drinking age.

 
 
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