Russia’s Alpha Bank to Record Customer IDs on BlockchainOne of Russia’s biggest banks, Alpha Bank, has introduced a mobile app Potok that allows recording online interviews while applying for a loan. The app was created in cooperation with BlockNotary, a blockchain startup developing tools to solve problems related to compliance with KYC and AML requirements.
Blockchain Beyond Cryptocurrency: A Brief Guide to the Future Part IUsing blockchain technology apart from its original application, cryptocurrency, isn’t news any longer. Numerous projects around the globe come up with new ideas as to how distributed ledger technology may be applicable beyond just transacting values.
Blockchain at KYC’s Service: BlockNotary Develops Video Interview Construction KitBlockNotary developers have announced forthcoming release of Blocknotary Dashboard, a blockchain-based construction kit for personal identification tools. According to the developers team, blockchain is rather young technology, and it’s far from being fulfilled completely, so the decided to create a SaaS (software as a service) solution for Blocknotary users. “Over the course of working on […]
How Blockchain Could Facilitate KYC PoliciesThere are lots of researches concerning the way blockchain may cut operational expenses, accelerate transactions and settle issues with KYC and AML regulations. However, the very issue of KYC is problematic both for crypto-industry itself and global finance. Expenses for customer identification, anti-fraud efforts, and follow-up of such operations are truly colossal. The very procedure […]