Know Your Customer (KYC) Implementation with Smart Contracts on a Privacy-Oriented Decentralized Architecture
| Autor: | Achilleas Marinakis, Georgios Palaiokrassas, Nikolaos Kapsoulis, Theodora Varvarigou, Alexandros Psychas, Antonios Litke |
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| Jazyk: | angličtina |
| Předmět: |
Blockchain
Smart contract Standardization Know your customer Computer Networks and Communications Computer science 0211 other engineering and technologies 02 engineering and technology Computer security computer.software_genre law.invention Upload law enterprise blockchains Schema (psychology) 0202 electrical engineering electronic engineering information engineering know your customer Architecture permissioned blockchains 021110 strategic defence & security studies user privacy protection lcsh:T58.5-58.64 lcsh:Information technology business intelligent smart contracts CLARITY 020201 artificial intelligence & image processing computer |
| Zdroj: | Future Internet, Vol 12, Iss 2, p 41 (2020) Future Internet Volume 12 Issue 2 |
| ISSN: | 1999-5903 |
| DOI: | 10.3390/fi12020041 |
| Popis: | Enterprise blockchain solutions attempt to solve the crucial matter of user privacy, albeit that blockchain was initially directed towards full transparency. In the context of Know Your Customer (KYC) standardization, a decentralized schema that enables user privacy protection on enterprise blockchains is proposed with two types of developed smart contracts. Through the public KYC smart contract, a user registers and uploads their KYC information to the exploited IPFS storage, actions interpreted in blockchain transactions on the permissioned blockchain of Alastria Network. Furthermore, through the public KYC smart contract, an admin user approves or rejects the validity and expiration date of the initial user&rsquo s KYC documents. Inside the private KYC smart contract, CRUD (Create, read, update and delete) operations for the KYC file repository occur. The presented system introduces effectiveness and time efficiency of operations through its schema simplicity and smart integration of the different technology modules and components. This developed scheme focuses on blockchain technology as the most important and critical part of the architecture and tends to accomplish an optimal schema clarity. |
| Databáze: | OpenAIRE |
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