Blockchain KYC (Know Your Customer) solutions offer secure, efficient, and tamper-proof methods for identity verification. By storing user data on decentralized ledgers, KYC processes become more transparent and less vulnerable to data breaches. Blockchain allows individuals to control and share their verified identity only when necessary, reducing redundancy across platforms. Financial institutions and exchanges use blockchain KYC to comply with regulations while enhancing user experience. This approach streamlines onboarding, improves trust, and lowers compliance costs through automation and data integrity.
Jack Farris
61 Blog posts