Tammachir Suwanno Cyberjaya, Malaysia 5 Questions 10 Answers 0 Best Answers 130 Points View Profile 1 Tammachir Suwanno BlockchainLearner Asked: January 29, 2019 What is KYC in Blockchain? 1 Rate this post Let’s share what is KYC in Blockchain. ShareTweetShare0 Shares Share Facebook 2 Answers Voted Oldest Recent Ashish Jaiswal 32 Questions 69 Answers 1 Best Answers 795 Points View Profile Ashish Jaiswal BlockchainProfessional Added an answer on January 30, 2019 at 6:44 am KYC – Know Your Customer – and possibly also KYT – Know Your Transaction KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed unclean. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Ashish Jaiswal 32 Questions 69 Answers 1 Best Answers 795 Points View Profile Ashish Jaiswal BlockchainProfessional Added an answer on January 30, 2019 at 6:32 am As blockchain technology consists of distributed blockchain ledgers, KYC process can benefit a lot from the same. With distributed ledgers, a person’s KYC process can be paced up as everyone existing on the blockchain network can affirm the new entrant’s identity. Digital identities are applicable in such situations where users can use their digital identities which can drastically reduce the time consumed by companies in their KYC process and start making benefits for the organization to grow. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.