New York City, New York, July 24, 2018 – Block66, the new blockchain-powered platform mitigating mortgage fraud, today announced a strategic partnership with Civic Technologies Inc., a company revolutionizing digital identity with blockchain-based technology. The partnership brings trusted, secure identity services to the mortgage industry and enables Block66 to verify the information that borrowers put on their applications.
“Partnering with Civic Technologies will help Block66 validate applicants’ information and do thorough background checks so that lenders know borrowers are honestly representing themselves,” said Joe Markham, Founder and CEO of Block66. “With Civic Technologies, our platform will make it easier for everyone, so mortgages can be approved and funded faster.”
“We are pleased to welcome Block66 to Civic’s Partner Network. This collaboration marks another milestone for Civic’s ecosystem and for on-demand, secure, and low-cost access to identity verification services,” said Civic CEO, Vinny Lingham.
Civic will enable Block66 to enhance efficiency, privacy, and security for their trusted mortgage lending platform. Civic’s easy-to-use Know Your Customer (KYC) solution will be integrated with Block66’s existing framework. This partnership will further reduce the manual underwriting process, increasing convenience for platform users across the mortgage industry while maintaining user privacy.
For more information about Block66, visit Block66.io.
For more information about Civic or to become a Civic business partner, visit https://www.civic.com.
Founded in 2018, Block66 is a solution disrupting the mortgage industry. Block66 improves mortgage cost, efficiency, and transparency, and creates new opportunities for borrowers and lenders alike. The Block66 platform uproots the entire mortgage industry, replacing it with the loan ecosystem of tomorrow. For more information, visit Block66.io.
Civic is a visionary blockchain identity verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, and low-cost access to identity verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services. The company sold $33 million of its tokens during its token sale event in June 2017. For more information, visit https://www.civic.com.
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