KYC KYB On Chain Data Governance DApp
Regulatory compliance, speed and security complement the future of data sharing. The INFINITECH Know Your Customer (KYC) and Know Your Business (KYB) on chain data governance, supports financial institutions and organizations in order to securely share their clients' data in a distributed way. Blockchain technology is able to offer protection and guarantees to the relevant KYC and KYB procedures through their decentralized and immutable nature. Decentralization achieves a specific and structural system architectures within which the available information is replicated across all blockchain network nodes. In particular, information integrity remains solid and cannot be modified by taking control of one or more network nodes. Thus, single points of failure are eliminated in such structures. Distributed ledger software is able to separate all the important information within the corresponding INFINITECH Blockchain Network that operates with data non-repudiation and well-defined data access control. Thus, data immutability and optimized privacy control are qualities that govern inside the described technological frameworks, while legal client data security and governance along with legitimate data administration by financial parties is provided.
This video demonstrates how the KYC/KYB On Chain Data Governance DApp works.
Creator: Nikos Kapsoulis
LinkedIn: / nikos-kapsoulis
Innov-Acts: https://innov-acts.com
INFINITECH Marketplace: https://marketplace.infinitech-h2020....