Blockchain Technology Fixes the Loopholes of Centralized KYC Solutions

Hand Shake Between Green Block nd Blue Block People

While several projects prefer to use centralized repositories to store data during Know Your Customer (KYC) procedures, these databases exhibit several limitations such as susceptibility to hacks and high cost of management, which can be mitigated by distributed ledger technology (DLT), reports TechRadar on May 14, 2019. Centralized Databases are Weak  Per the report, several

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Source: BTC Manager