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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | KYC Verification using Blockchain |
| Authors Name: | Ranjita Ramachandra Hegde , Mrs. Mamatha S K , Kamala M , Shreevidhya S |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_199785
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| Published Paper Id: | IJNRD2306403 |
| Published In: | Volume 8 Issue 6, June-2023 |
| DOI: | |
| Abstract: | : 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. |
| Keywords: | KYC verification, Blockchain technology, Decentralization, Data Security |
| Cite Article: | "KYC Verification using Blockchain", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 6, page no.e21-e29, June-2023, Available :http://www.ijnrd.org/papers/IJNRD2306403.pdf |
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| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2306403 Registration ID: 199785 Published In: Volume 8 Issue 6, June-2023 DOI (Digital Object Identifier): Page No: e21-e29 Country: Bengaluru, Karnataka, India Research Area: Computer Science & Technology Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2306403 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2306403 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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