KYC Verification using Blockchain

Registration ID: IJNRD_199785

Published ID: IJNRD2306403

DOI: Click Here to Get

Ranjita Ramachandra Hegde , Mrs. Mamatha S K , Kamala M , Shreevidhya S

KYC verification, Blockchain technology, Decentralization, Data Security

: Know Your Customer (KYC) verification is an essential process employed by financial institutions and businesses to authenticate the identities of their customers. However, traditional KYC methods are often time-consuming, costly, and susceptible to fraud and data breaches. In recent years, blockchain technology has emerged as a promising solution to address these challenges by offering a decentralized and immutable platform for secure and efficient KYC verification. This paper presents the implementation of KYC (Know Your Customer) verification using blockchain technology and smart contracts, complemented by the development of an interactive website. The objective is to establish a secure, decentralized, and user-friendly system that simplifies the KYC verification process while ensuring data integrity, privacy, and regulatory compliance.The research leverages blockchain technology as a foundation, specifically focusing on the Ethereum blockchain platform, and employs smart contracts to automate and enforce the KYC verification workflow. The abstract highlights the key features and functionalities of the implemented system, including the roles of Admin, Organization, and Customer.The system incorporates an interactive website as the user interface, enabling seamless interaction and engagement for all participants.The implementation of blockchain technology, combined with smart contracts and an interactive website, offers significant advantages for the KYC verification process. The system provides enhanced security through encryption and decentralized storage of customer data, establishing trust and mitigating risks associated with data breaches. Moreover, the automation of verification procedures and the elimination of intermediaries streamline the process, resulting in increased efficiency and reduced operational costs.

Published Paper   E-Certificate

Ranjita Ramachandra Hegde, Mrs. Mamatha S K, Kamala M, & Shreevidhya S (June-2023). KYC Verification using Blockchain. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(6), e21-e29. https://ijnrd.org/papers/IJNRD2306403.pdf

Volume 8 Issue 6, June-2023

Pages : e21-e29

Paper Reg. ID: IJNRD_199785

Published Paper Id: IJNRD2306403

Downloads: 000121975

Research Area: Computer Science & Technology 

Country: Bengaluru, Karnataka, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2306403.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2306403

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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