Civic and Rentality Verify Licenses and Age Onchain, Establishing New Standards for Car Rental Security

San Francisco, California, September 19th, 2024

The Civic ID Verification Pass offers significant advantages to users by allowing them to quickly verify their identity and age, enabling direct car rentals from owners without the need for intermediaries.

Civic, a frontrunner in tokenized identity on the verifiable web, has partnered with Rentality, the first web3 car rental platform, to facilitate secure and efficient driver’s license verification and enforce age requirements on the Base network. This innovative verification process utilizes blockchain technology to set a new benchmark for security and compliance in car rentals and peer-to-peer marketplaces.

With the Civic ID Verification Pass, users of Rentality can virtually verify their driver’s license to rent a car. This advancement minimizes friction, bolsters trust between parties, and alleviates the challenges associated with physical verification.

Chris Hart, CEO of Civic, stated, “For car rental and peer-to-peer businesses to maximize user engagement while ensuring safety, dependable and compliant verification processes are essential without causing undue inconvenience to users. The Civic ID Verification Pass enables users to confirm their identity while preserving their sensitive information, allowing providers to meet know-your-customer (KYC) requirements. Our collaboration with Rentality promotes the safety of both drivers and vehicle owners in accordance with regulatory standards, all without the need for in-person verification.”

The team highlights that the growing demand for tangible benefits for users has been a significant focus within the crypto industry, which has largely been in the development phase. In a shifting economy that increasingly favors renting over owning, this integration demonstrates how tokenized identity can facilitate secure, compliant, and user-friendly verification solutions tailored to the needs of everyday users and digital-first businesses.

Oleksandr Tatura, CEO of Rentality, remarked, “The fusion of blockchain technology with car rentals is not a distant vision; it is a reality now evident in Miami, with plans to expand throughout other states. Users can rent a car directly from their smartphone or laptop using their crypto wallet. We take pride in partnering with Civic, a pioneer in adopting cutting-edge technologies.”

Traditional car rental methods often involve numerous intermediaries, including payment processors and insurance companies, which drive up rental costs due to various fees incurred from each middleman. By leveraging blockchain, Rentality simplifies these processes through a decentralized marketplace where car renters and owners can transact directly.

Renting a car on Rentality is straightforward: users connect their wallet, register for an account, select their preferred car and location, and confirm the pricing. They then verify their driver’s license by acquiring a Civic ID Verification Pass, a non-transferable token stored in their wallet. The Civic ID Verification Pass is integrated into the Rentality registration process and can be obtained quickly through a selfie video and driver’s license scan.

Users have the flexibility to pay using various cryptocurrencies. Rentality is currently operational in Miami and plans to expand into additional regions soon.

About Civic Technologies

Civic is a leading identity management provider for web3, empowering individuals to manage their identities privately and easily across multiple chains, featuring an on-chain representation of their reusable identity. The company’s flagship product, Civic Pass, serves as a comprehensive permissioning tool that enables business clients to secure access to their on-chain assets. Users can also manage their identity, presence, and reputation through an intuitive dashboard. Civic aims to become the most trusted on-chain identity tool, serving billions daily. The company was co-founded in 2015 by Vinny Lingham and Jonathan Smith.

About Rentality

Rentality is revolutionizing the car rental sector as the first Web3 car rental platform. Their service offers a seamless, transparent, and cost-effective car rental solution powered by blockchain technology. Rentality features a unique bonus system, its own token, and NFTs linked to actual vehicles available for rent on its platform, allowing NFT owners to potentially earn from rentals. The service has launched in Miami and is rapidly expanding, with leading hosts in the region joining. The company aims to broaden its offerings across all states, offering an innovative solution for both renters and hosts, with much more to come.

Contact Civic Communications
Email: [email protected]