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    News in brief

    R3 develops KYC registry using blockchain

    News in brief

    Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners. “The project simulated establishing the identity of both a legal entity and an individual using KYC data and identity attestations by third-parties,” International Business Times reports.

    Filed by Email Rian Boden Published • Last updated 14 November 2016, 12:30

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