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Showing posts with the label blockchain-use-case-for-kyc

KYC: Top BlockChain Application Read Today

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SBI is now pressing ahead with its first implementation of the decentralized technology by using an enterprise blockchain solution for managing its Know Your Customer (KYC) system, via a new partnership with Intel that sees the technology giant become the consortium’s official technology advisor.  What is KYC  Know your customer means all banks update information about their customers Customer details are like Phone number, Aadhar Card, PAN, and Home Address, etc. These details mandatory to update once in six months. Blockchain Platform to Use in KYC is Hyperledger Sawtooth The enterprise blockchain will run on Hyperledger Sawtooth, a modular platform for developing and deploying blockchains, developed by Intel – a member of the open-source Linux Foundation-led Hyperledger project. The blockchain will also be supplemented by Intel Software Guard Extensions (SGX) to boost the blockchain’s privacy, security, and scalability. The blockchain solution will be delivered by Pri