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How Could Blockchain be used to Prevent Fake Accounts?

Technology has made inroads in our lives like never before. We have seen many developments that have led to the surge of a new era of transformation. All these changes forays into the development of new avenues of job opportunity and business operations. Coming to the application part of Blockchain, then fields like academic, retail,…

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How Blockchain Can Help Banks In The KYC Process?

KYC or “Know Your Customer” procedures are used by banks and other financial institutions to obtain information about the identity and address of the customers. The KYC process helps to ensure that the banks are not misused by the account holders for illicit activities like money laundering. But the current procedures used for verifying customers…