Pakistan Banks to Use Blockchain Technology for KYC

Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Pakistan Banks’ Association (PBA) has signed a contract for the implementation of a blockchain-based know-your-customer (KYC) platform which will be developed by Avanza Group. The latter unites companies specializing in advanced banking applications, customer experience management solutions, blockchain, and artificial intelligence. (Bitcoin.com)

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

‘Sell in May and Go Away’: The Seasonality of Crypto-asset Returns

The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group.
Cointime精选 ·

What happens to lost Bitcoin?

Bitcoin is considered lost on the blockchain when the owners of the assets are unable to exercise control over it.
Cointime精选 ·

The Dollar Won, but Might the U.S. Lose Control of the Dollar?

We have a world currency already: it's the dollar. Do we want to keep it that way?
Cointime精选 ·

How to short Bitcoin on Binance and Coinbase

Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor.
Cointime精选 ·

How to determine crypto cost basis for accurate tax filings

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards.
sunflowerdaocm ·

Sharding Capital: 为什么投资全链流动性基础设施 Entangle

Entangle 项目的名称取自于量子纠缠(Quantum entanglement)，体现了项目对于构建连接、关联和互通的愿景。就像量子纠缠将不同的粒子联系在一起，Entangle 旨在通过其跨链流动性和合成衍生品的解决方案将不同的区块链网络连接在一起，创造一个统一、互通的 Web3 生态系统。
PermaDAO ·

Is AO's Financial Ecosystem Ready to Take Off? A Quick Look at Newly Launched DeFi, Cross-Chain Bridges, and Wallet Projects

Shortly after the launch of the super parallel computing network AO, both the cross-chain payment protocol everPay and the decentralized exchange Permaswap, under the umbrella of everVision, announced the adaptation of all functionalities to AO.
PermaDAO ·

The Impending Emergence of a New Narrative? Searching for the Stepping Stone of DeSci, Exploring the Potential Brought by Arweave and Hyper-Parallel Computer AO

The concept of DeSci (Decentralized Science) was first proposed in 2018, although has not yet gained widespread public attention, it is considered by Messari to be upcoming new narrative.
PermaDAO ·

Arweave Weekly Highlights Week 17｜AO Ecosystem’s first cross-chain bridge AOX, the first stable coin USDA

Arweave's data from last week: The mainnet completed a total of 219,743,724 transactions, achieving 1,010 TiB of storage in a single week. This week, the storage cost is 0.748 AR/GiB, and there has been an increase of 747 on-chain addresses.
PermaDAO ·

Can AO do the same TPS as Solana ? - Sam：Far, far, far more

@NoNoiseCrypto asked Sam on X Platform: Can AO do the same TPS as Solana? Sam replied: Far, far, far more.