Demo: Blockchain for the Simplification and Automation of KYC Result Sharing
Robert Norvill, Mathis Steichen, Wazen M. Shbair, Radu State · 2019
Know Your Customer (KYC) processes performed by banks on their customers are redundant, cumbersome and costly. Therefore, a system is proposed to automate menial tasks and allow sharing of data related to KYC. A blockchain dictates the collaboration between different participants and several services are built around it to support the functionality of the system as a whole. An access control system is used to share data legitimately.