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How can financial institutions use RecordsKeeper Blockchain ?
Using the blockchain technology, banks can effortlessly deploy an intra-bank application within the same banking group. For example, if a savings account customer wishes to avail credit card services from the same bank, the card division can look up the ledger using the unique reference number and easily ascertain the customer’s KYC status.
- Nov 10
- 2 mins read
How Businesses Can Save Time & Money Using Blockchain-based KYC?
KYC is a cumbersome, time consuming, arduous and expensive process in the banking sector, financial institutions and other businesses. There are many challenges in KYC processes, which primarily involve huge costs, effort and time. Hence, with centralized databases, the process has become quite a sort of headache to banks and other businesses. So, let’s see how blockchain-based KYC can solve these problems:
- Jan 03
- 2 mins read
How Blockchain-based storages are better than traditional Cloud Storage?
Decentralization, Immutability & Security is the answer for your confusion. These things are very hard (almost impossible) & expensive to achieve in the tradition technologies like Dropbox, Google Drive etc.. Encryption & high availability are the add-on benefits in RecordsKeeper which is optionally available in traditional technologies at the high cost. But in RecordsKeeper these things are available at low cost with high confidence due to Blockchain. Blockchain also makes the whole system immune to hacker & human error (due to decentralization).
- Nov 10
- 2 mins read
How Blockchain can solve KYC problems globally
KYC is important for FinTech companies & Blockchain can solve the major problem in KYC system. There are many flaws in the current KYC system including the cost & regulations. Blockchain can reduce the cost of the the KYC 7 also reduce the turn around time for the service providers.
- Dec 06
- 2 mins read
How Blockchain Based Storages are Better than the Traditional Cloud Storage?
The next few decades are going to be about big data. All industries have storage requirements not only to process but also compute tremendous amounts of data. Blockchain-based storage, even in its infancy stage, is emerging as a better alternative…
- Mar 29
- 2 mins read
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