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 
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 callMore From: International Journal for Research in Applied Science and Engineering Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
