What is KYC & How KYC on Blockchain Can Help?
Know your customer (KYC) is the process of a business, identifying and verifying the identity of its clients. The term is also used to refer to the bank regulation which governs these activities. AML & KYC are used interchangeably sometimes. Though they are completely different standards & regulations. Blockchain can be used to do the…
How to Compile Bitcoin Source Code in Ubuntu 16.04 LTS
If you are building some projects around bitcoin then you might have realized that you have to compile the bitcoin source code to create the bitcoind for your own machine. This is necessary because sometimes the pre-compiled binary do not work as expected and your whole project might become erroneous. It is far better to compile…
Learn Solidity: What’s Next?
Since now you have learned Solidity, you might be wondering what’s next? [shortcode id=”1983″] You should go & try below options: Create your own cryptocurrency Create a fully functional & professional crowd sale application Create a custom app of your own use case Learn MultiChain Blockchain Learn Hyperledger Learn to Create Proof-of-Existence application etc. Check out…
Learn Solidity: Basics of Solidity By Example
In this post, we will learn the Solidity language by going through two example. Then we will dig deeper into each & every aspect of Solidity & Blockchain-based development. As you can see in the above code, which is a simple smart contract written in Solidity for a new Coin. Here this Coin can be…
Key Use Cases of Blockchain
Blockchain is a way out of most of the economic and financial problems of the world. Still though in its nascent stages, it has begun to revolutionize the whole world. Some of the major corporations of the world have begun to scratch the surface of the technology. It is a contemporary living example of how…
What are Smart Contracts on Blockchain?
Smart Contracts are self-executing contracts. Contracts execute themselves and transactions happen automatically when both parties meet the conditions specified as part of a transaction. The executed contract then adds on to the blockchain as a transaction. Smart Contracts are indispensable to blockchain and vice-versa, as the execution happens because and through the blockchain technology. It…
Document Verification System using Blockchain
The key issues in document verification for banks and other businesses are in storage, retrieval and access to data. Hence came blockchain technology to solve these problems in storing and accessing of data. Blockchain technology provides a common shared platform from where to store, retrieve and access documents. The very nature of the technology is…
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 to put the technology to use. The reason is that regulations around the technology and its use cases are in…
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 a headache to banks and other businesses. So, let’s see…
WHAT IS BLOCKCHAIN (DISTRIBUTED LEDGER TECHNOLOGY)?
Distributed Ledger Technology is a computerized method for recording transactions involving commodities. Various locations record the transactions and related information at the same time. The database recorded by distributed ledger technology does not have an administrative facility or central data storage. Distributed ledger technology enables users to record, exchange, and synchronize data and transactions over…
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