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UNI-KYC System

UNI-KYC System

A Secure, Transparent, and Efficient Way to Verify Customer Identities

Created on 7th May 2023

UNI-KYC System

UNI-KYC System

A Secure, Transparent, and Efficient Way to Verify Customer Identities

The problem UNI-KYC System solves

Redundant taks associated with classic KYC system are eleminated.
Expense accociated with the KYC procedure which traditionally costs $10-$30 is reduced significantly with minimal gas fee.

Challenges we ran into

Storing the data in IPFS using INFURA, thereby generating SBT for the hashed assets.
Issue while linking the proposed model with web3.js
Making use of dedicated gateways, all the dedicated gateways could only be made use of by the paid versions of the third-party applications like pinata.

Tracks Applied (1)

Blockchain

KYC process is critical for financial institutions to ensure regulatory compliance and verify customer identity. To simp...Read More

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