Kyc blockchain implementation

kyc blockchain implementation

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An audit trail is an adequately, helps to reduce financial the foreign portfolio investors provide.

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Tax authorities could also access it to speed up their internal processes. In a KYC process powered by blockchain technology, data quality is significantly enhanced through real-time tracking and monitoring of all alterations, creating an immutable and transparent ledger. Wondering why is blockchain a good solution for KYC verification? Blockchain technology is a decentralized and distributed ledger technology that allows multiple participants to maintain a shared record of transactions or data without the need for a central authority.