Posts Tagged: KYC
How to use Proof-of-Existence built on RecordsKeeper Blockchain?
Proof-of-existence is a demonstration of a working application based on RecordsKeeper Blockchain. This utility is used to publish and verify data on the RecordsKeeper Blockchain. You can publish any data file and this application will…
- Apr 12
- 3 mins read
How to mine XRK in RecordsKeeper Blockchain?
The following blog provides you with the complete details about how to start mining XRK tokens for RecordsKeeper Blockchain. System requirements Linux: 64-bit, supports Ubuntu 12.04+, CentOS 6.2+, Debian 7+, Fedora 15+, RHEL 6.2+. Windows:…
- Apr 12
- 5 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
Regulations around Blockchain & KYC
Blockchain technology is still in its nascent stages. The BFSI (Banking, Financial Services and Insurance) sector has begun exploring the technology’s potential. However, there still seems to be a long way to go for companies…
- Dec 19
- 2 mins read
Problems & Challenges in Traditional KYC Systems
Ever since the global financial crisis in 2008, KYC regulations have become very strict in many countries. This gave rise to a lot of issues, ever since. It turned out to be more of a…
- Dec 07
- 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
What is a use case for Large Businesses with Intra-Businesses setup?
Let’s say, for example, Kotak Bank has implemented our solution in-house to save time & money avoiding redundancy in KYC within the Bank. Below steps will result in saving cost & time through Intra-Bank KYC Blockchain model.Let’s say Kotak Bank has implemented our solution in-house to save time & money avoiding redundancy in KYC within the Bank. Below steps will result in saving cost & time through Intra-Bank KYC Blockchain model.
- Nov 10
- 2 mins read
How does RecordsKeeper work?
RecordsKeeper allows you to store documents in any format into the Blockchain immutably. This helps in many the way because the receiver can be 100% sure that document shared with them are not bein tempered or modified post sharing. Also, the sharing is being recorded as a transaction into the blockchain leaving no way the sharer can revoke the access. This comes pretty handy when you use your documents for the KYC.
- Nov 06
- 3 mins read
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