Coinspeaker
COTI and Civic Enter Strategic Partnership to Give Users Full Self-sovereignty over Their Digital Identity

Coti Network (COTI), an enterprise-grade fintech platform that is optimized for decentralized payments, has announced a strategic collaboration with Civic platform, a blockchain-based digital identity management solution, to enable a seamless adoption of the Web 3.0 ecosystem and digital assets. Through the strategic partnership, the Civic platform will utilize COTI V2, a privacy-oriented layer two network that is built on top of the Ethereum (ETH) blockchain, to enhance the Dynamic Decentralized Identity (DID).

“We are 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,” Shahaf Bar-Geffen, CEO of COTI, noted.

COTI and Civic to Enhance Web3 Mass Adoption

The Web 3.0 ecosystem is a vital component for the mass adoption of digital assets and blockchain technology. However, data protection has remained a major stumbling block that decentralized financial (DeFi) developer...