Abstract
Abstract: The Know Your Customer process that exists today is inefficient and inconvenient for both banks and customers. The procedure is unnecessary and increases operating expenses. Furthermore, it offers little to no privacy protection to users. A blockchain-based method is proposed in this paper. Because documents are maintained by a centralised organisation, verifying KYC documents for multiple financial sectors is a time-consuming and insecure process. The proposed KYC system is a Blockchain-based decentralised system that can be used to establish proof of identity for an individual person. It is also a costeffective method, and the data stored on the decentralised application provides an additional layer of security.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
