Blockchain KYC Solution

Blockchain KYC Solution Services

Blockchain Enabled KYC Solutions: Revolutionizing Identity Management

1.8 billion people worldwide are denied health, education, and legal counsel due to a lack of legal identity. The KYCs in place currently are not very efficient as they end up being time-consuming and costly, thereby taking up to 32 days for verification, which costs financial institutions billions every year. It is also estimated that millions fall victim to identity theft every year. For example, 15.4 million victims last year.

With blockchain technology, digitization of the KYC process can now be done through a revolutionary security measure. Such a decentralized system, tamper-proof, and simplified identity verification process will now reduce costs and risks. Transformation towards a more secure, rapid, and more accessible approach to modern identity management.

Features of our KYC Blockchain Solution
OCR (Optical Character Recognition)

The OCR changes the scanned paper documents uploaded by users into their machine-readable format and then is recorded on blockchain, thereby resulting in the development of a user's digital identity, which also is an achievement of blockchain KYC solution Company in India.

Ethereum-Based Address

Any information about a user in text form is saved on the Ethereum blockchain(blockchain kyc solution company in India). The Ethereum address is a unique identifier for the user and easy to find, access and share user's information.

IPFS Address

Images users have uploaded are held at the address for IPFS (InterPlanetary File System).Being an innovative peer-to-peer file-sharing system, this accelerates and simplifies the process to share user information all over the world.

Digital Signatures

Multiple unique digital signatures improve the security paradigm of the platform: it is allowed to exchange the user's data only when the request for information is approved by authorized signers-a user and a platform owner.

Get Incentivized

Share verified information of your users across financial(blockchain kyc solution company in India) institutions and companies seeking the same to get incentivized in turn. Each share will give you and your users an opportunity to earn huge incentives.

Wallet Integration

The multi-cryptocurrency hot wallet is the blockchain kyc solution company in India, which allows secure storage and smooth transactions for gas fees payments and incentive distribution.

Discover the Power of Blockchain Technology for KYC with Dunitech Soft Solutions

In today’s fast-evolving FinTech landscape, KYC verification is essential for ensuring compliance with industry regulations. Blockchain technology is transforming the KYC process because it provides greater efficiency, security, and transparency. Businesses can undergo a paradigm change and greatly enhance the KYC verification process by incorporating blockchain technology.

At Dunitech Soft Solutions, we specialize in cutting-edge blockchain technology solutions tailored to KYC verification needs. As one of the leading blockchain development companies in the US, we’re here to help you explore innovative solutions for decentralized KYC processes. Whether you're looking to validate your decentralized KYC concept or explore blockchain-based solutions, we offer custom solutions that meet your business needs.

Faq's of

Faq's

A Blockchain Enabled KYC Solution is a secure, distributed ledger technology that enables organizations to securely store and share customer identity data. It provides a secure, immutable, and transparent platform for organizations to store and share customer identity data.

A Blockchain Enabled KYC Solution works by creating a distributed ledger of customer identity data that is shared across multiple organizations. This ledger is secured using cryptographic algorithms and is immutable, meaning that the data stored on it cannot be changed or tampered with.

A Blockchain Enabled KYC Solution can store a variety of customer identity data such as name, address, date of birth, phone number, email address, government-issued ID numbers, biometric data, and more.

A Blockchain Enabled KYC Solution is highly secure due to its use of cryptographic algorithms and distributed ledger technology. The data stored on the ledger is immutable, meaning that it cannot be changed or tampered with. Additionally, the use of cryptographic algorithms ensures that the data stored on the ledger is secure from unauthorized access or manipulation.

Dunitech Soft Solutions Pvt Ltd can help with implementing a Blockchain Enabled KYC Solution by providing expert advice on best practices for implementation; providing technical support during implementation; providing training to staff members who will be using the system; conducting regular security audits; ensuring compliance with applicable laws; and providing ongoing support after implementation is complete.

Book a meeting