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Open-KYC
Safe, Secure and Easy e-KYC. Do it once and then forget about KYC-ing again.
Created on 22nd February 2022
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Open-KYC
Safe, Secure and Easy e-KYC. Do it once and then forget about KYC-ing again.
The problem Open-KYC solves
Open-KYC provides a solution for redudant kyc requests, all you need to do is sign-up once on the platform and get verified by any one of the Banks and then save yourself from filling those troublesome forms again, simply apply for KYC with click of a button. This saves a lot of redudant work and costs for the bank most importantly.
Challenges I ran into
The biggest challenge was to identify the best blockchain framework for the project. As we needed a private blockchain and inculcate legal contracts that needed to be agreed between every possible combination of parties(bank, user, other bank etc.), I chose r3corda blockchain for our software.
Discussion
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