decentralized-id.github.io/_posts/application/2023-06-15-kyc.md
2023-06-22 00:35:47 +05:30

8.2 KiB
Raw Blame History

title description excerpt layout permalink canonical_url categories tags last_modified_at
KYC\AML and Self Sovereign Identity SSI solutions offer opportunities to obtain more accurate background data, faster traditional KYC/AML practices can give way to a more practical framework, where businesses can remain compliant with regulations and collect data without threatening privacy, data security, and breaching data laws. single application/kyc/ https://decentralized-id.com/application/kyc/
Application
KYC
Compliance
eKYC
Cryptocurrency
KYC-Chain
Real World
2023-06-16

Explainer

Literature

  • Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity 2021-11-11 Vincent Schlatt, Johannes Sedlmeir, Simon Feulner, Nils Urbach

    We demonstrate how blockchain-based self-sovereign identity (SSI) can solve the challenges of KYC. We follow a rigorous design science research approach to create a framework that utilizes SSI in the KYC process, deriving nascent design principles that theorize on blockchains role for SSI.

  • zkKYC: A solution concept for KYC without knowing your customer, leveraging self-sovereign identity and zero-knowledge proofs 2021-07-05 Pieter Pauwels

    The proposed solution concept, zkKYC, removes the need for the customer to share any personal information with a regulated business for the purpose of KYC, and yet provides the transparency to allow for a customer to be identified if and when that is ruled necessary by a designated governing entity (e.g. regulator, law enforcement). This approach breaks the traditional privacy vs. transparency trade-off and provides structured transparency, resulting in a net positive outcome for all parties involved.

Standards

  • eKYC & Identity Assurance WG OpenID

    Among the many dots Mark is connecting on behalf of the OpenID Foundation is work with the Global Legal Entity Identifier Foundation, the Open Identity Exchange Trust Framework Initiatives and the Open Banking Implementation Entity.

  • “eKYC with Mark Haine” 2021-03-10 Auth0, Identity Unlocked

    In this episode of Identity. Unlocked, principal architect at Auth0 and podcast host, Vittorio Bertocci, invites guest Filip Skokan to have a conversation about a few three-letter extensions to OAuth (which, incidentally, would also fit well in a pirate incantation!): PAR, RAR, and JAR. Filip is a Senior Engineer II at Auth0, the author of a popular book on open source identification, and a contributor to both the IETF and the OpenID Foundation.

Companies

  • [Video] DIDComm for KYC 2021-05-25 Trustbloc

    Demonstrates a financial "KYC" identity proofing using TrustBloc DIDComm capabilities. Stored credentials and real-time attestations can be authorized in a single flow.

CDE Services

Crypto

  • Gaining trust during uncertain times How KYC crypto solutions can lead the way 2023-01-11 IDnow

    recently-released Crypto in KYC Growth through trust ebook helps organizations to better understand the notoriously unstable market

  • KYC/AML: How crypto will change a TradFi standard forever 2021-07-27 Panther Protocol

    traditional KYC/AML practices can give way to a more practical framework, where businesses can remain compliant with regulations and collect data without threatening privacy, data security, and breaching data laws.

  • iXRPL - A Smart Contract-Powered, Self-Sovereign KYC Solution for the XRP Ledger 2021-07 Scott Chamberlain, Richard Holland, and Ravin Perera

    the verification is “stamped” on the Users XRP Ledger Account with a Non-Fungible-Token, called a Human UUID, that uniquely identifies the verified individual. The User can then present their verified credentials, cross-checked against the XRP Ledger Account, to financial institutions to satisfy KYC requirements. Effectively, iXRPL “tokenises” the one-off cost of verifying your identity into a reusable asset.

  • Ontology Partnership with Binance Smart Chain 2021-02-20

    Ontology and Binance have a long history of cooperation and partnership that has generated benefits for both sides, none possibly more important the integration of Ontologys Decentralized Identity Solution into the Binance Smart Chain. The symbiotic relationship sees Ontology, and ONT ID, as the sole partner for BSC in terms of providing a truly decentralized identity option and KYC user verification.

KYC-Chain

  • KYC-Chain Join Hands with enVoy 2021-12-12 KYC Chain

    KYC-Chain will enter a partnership with enVoy. enVoy offers sustainable DeFi, tokenized letters of credit, realtime x border payments, and tokenized documentation for the supply chain removing risk and creating trust for third-party trade on an end to end ESG and sustainable supply chain journey.

  • KYC-Chain & CrypTalk Join Hands 2021-08-21 KYC-Chain

    CrypTalk is a messaging service designed to bring together verified projects and potential investors by creating a safe and secure crypto space. Crypto projects undergo thorough verifications and a number of security measures before being verified by CrypTalk.