Bitcoin Global News (BGN)
April 23, 2019 -- ADVFN Crypto NewsWire -- Since 2017, Vinny
Lingham and the Civic(CVC) team have been making claims about how
their project will change the way we think about and deal with our
identities online. Until this March, however, it was easy to argue
that the Civic token had little to no active use case.
In early March at the South by
Southwest festival, the Civic team debuted three beer vending
machines that were able to verify a user’s age over the blockchain
and work with crypto payments. Reportedly, these machines will be
purchasable sometime at the end of this year. Since the price point
will be $15,000, it is reasonable to expect that only large-scale
retailers will try these machines out, at least at
first.
Today, it was announced that
Lingham and the Civic team have expanded upon this by closing a
deal for 1,000 of these machines to be sold to 12 different
businesses. According to the same report via CoinDesk, Civic
expects all of the machines to be live by the end of the year.
Therefore, in the end, Civic will be debuting its’ technology in
whatever these stores are, while endeavoring to sell their machines
to others at the same time.
Lingham claims that Civic’s
technology will save owners of various kinds of vending machines,
significant amounts in transaction fees. With this, the question
becomes: is Civic’s offering much more than one of the most simple
usages of the blockchain?
With the knowledge that these
machines accept crypto payments via the Civic Pay app and verify
age in the same fashion, the answer is likely no, at least for now.
Age can be stored in-app, but connected to Civic’s native chain, so
that it can be possibly retrieved from a storage system like the
Interplanetary File Storage System, off-chain.
None of this is active on the open
market yet. Even so, 2019 marks the first year that the Civic
project has really made an effort to tie its’ technology to
real-world needs, keep your eyes on the project as all of this
unfolds.
By: BGN Editorial Staff
