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Using Blockchain for KYC and AML Compliance

February 18, 2020
A response from:
Matt HinkleyCo-founder, CEO

Blockchain is undoubtedly a major component for all financial institutions to look towards when trying to lower compliance costs. However, the most crucial factor around a blockchain-based solution is the relation between a digital identity product and a blockchain-based architecture. Using DLT to store proofs of compliance is great. Using DLT with a blockchain agnostic self-sovereign identity will eventually design new data metrics around risk scoring for clients.

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