San Francisco, California, September 19th, 2024,
Chainwire
The Civic ID Verification Pass provides
real-world benefits to users who can verify their identity and age
quickly and rent a car directly from a car owner, without
intermediaries
Civic, a
leader in tokenized identity on the verifiable web, joins forces
with Rentality, the first web3 car
rental platform, to securely and efficiently verify drivers’
licenses and enforce age minimums on the Base network. This
advanced verification process using blockchain introduces a new
standard for security and compliance in car rentals, and
peer-to-peer marketplaces.
Through the Civic ID Verification Pass,
Rentality users can verify their driver’s license virtually to rent
a car. This technology reduces friction, enhances trust between
both parties, and removes the logistical burdens of physical
verification.
“For car rental and peer-to-peer businesses to reach
the greatest number of users while ensuring safety, there is a need
for reliable and compliant verification processes that do not
unduly inconvenience users. With the Civic ID Verification Pass,
users can verify their identity without publicly revealing
sensitive information and providers can comply with
know-your-customer (KYC) requirements”, said Chris Hart, CEO of
Civic. “By working together, Civic and Rentality encourage
the safety of drivers and cars belonging to owners in line with
regulatory requirements without needing in-person
verification.”
According to the team, the growing need
for real-world benefits for users has been a major theme of focus
in the crypto industry, which has been in infrastructure
development mode. In an economy that now increasingly prefers
renting to owning, this integration exemplifies how tokenized
identity can create secure, compliant, and user-friendly
verification solutions that meet the needs of everyday users and
digital-first businesses.
"The integration of blockchain with car rentals is not
just a vision of the future, it's a reality today in Miami and
later in the rest of the States. Now you can rent a car directly
from your smartphone or laptop using your crypto wallet," said
Oleksandr
Tatura, CEO of Rentality. "We're
proud to partner with Civic, a company that is at the forefront of
adopting innovative technologies."
Conventional car rental processes
typically require multiple intermediaries, from payment processors
to insurance companies. This raises the price of car rentals
significantly, as every middleman incurs a charge. With the use of
blockchain, Rentality streamlines these processes by providing a
decentralized marketplace for car renters and owners to transact
directly.
To rent a car through Rentality, users
simply need to connect their wallet, register for an account,
choose their preferred car, location, and confirm prices. Then,
they can verify their driver’s license by obtaining a Civic ID
Verification Pass, which is a non-transferable token that is
retained in their wallet. Civic ID Verification Pass is already
integrated into the Rentality sign-up process and can be obtained
with a selfie video and scan of their driver’s license.
Users can pay with various
cryptocurrencies. Rentality is already operating in Miami and will
soon expand to other regions. Users can visit rentality.xyz to rent or lease their car.
About Civic Technologies
Civic is a leading provider of identity management
tools for web3, empowering people to easily and privately manage
their identities across chains with an on-chain representation of
their reusable identity. The company’s flagship product, Civic
Pass, is an integrated permissioning tool that helps business
customers enable secure access to their on-chain assets. Users may
also manage their identity, presence and reputation with a
dashboard. Civic aims to be the most trusted on-chain identity tool
in the world, used by billions every day. Civic was co-founded in
2015 by Vinny Lingham and Jonathan Smith.
About Rentality.xyz
Rentality is pioneering the car rental industry as the first
Web3 car rental platform. Their platform offers a seamless,
transparent, and cost-effective solution for car rentals, utilizing
blockchain technology. Rentality integrates a unique bonus system,
their own token, and NFTs tied to real-world vehicles. These
vehicles will be available for rent on Rentality's platform,
enabling NFT owners to potentially earn from rentals. The platform
has already launched in Miami and is rapidly expanding, with
leading hosts in the region joining us. They aim to extend their
services across all states, providing a comprehensive and
innovative solution for both renters and hosts. And that's just the
beginning of what they offer.
Contact
Civic
Communications
press@civic.com