The Utilization of Block-chain Innovation to Confirm KYC Records
Yogesh Kisan Mali, Sweta Dargad, Asheesh Dixit, Nalini Tiwari, Sneha Narkhede, Ashvini Chaudhari
Abstract
Now this information is misused or disclosed, causing financial resources to explode and jeopardizing the entire online business. That's why education and online companies are keen to determine what to do with the roles of the Internet. We propose a solution that allows users to manage their own identities through block-chain self-management. This application allows users to secure their data on the block-chain by replacing servers. The use of block-chain allows users to securely record their personal data and information, ensuring the immutability and integrity of their information. Organizations play an important role in using methods to identify individuals for a variety of purposes, such as registration, loan approval, property management and access to schools. The solution is to create a block-chain infrastructure for users to store their content securely. It also provides a platform for users and organizations to participate in the block-chain network and store the information individuals need. Experts on the block-chain network verify personal identity. A block-chain server is used to make the block-chain lightweight. Additionally, a reward was introduced to encourage users/organizations on the block-chain network to share the identity information of all users. This approach not only ensures the security of personal information but also encourages participation in the verification process.