Blockchain KYC (Know Your Customer) uses blockchain technology to streamline and secure customer identity verification processes. By storing KYC data on a decentralized, immutable ledger, blockchain ensures that sensitive information is protected from fraud and unauthorized access. This improves transparency and trust for businesses and customers, enabling faster onboarding processes and reducing costs. Blockchain KYC helps companies comply with regulations while giving customers more control over their data in financial and digital services.
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