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Title: Privacy-preserving KYC on Ethereum
Authors: Biryukov, Alex
Khovratovich, Dmitry
Tikhomirov, Sergei
Keywords: blockchain;smart contracts;Ethereum;know your customer;KYC
Issue Date: 2018
Publisher: European Society for Socially Embedded Technologies (EUSSET)
metadata.dc.relation.ispartof: Proceedings of 1st ERCIM Blockchain Workshop 2018
Series/Report no.: Reports of the European Society for Socially Embedded Technologies: vol. 2, no. 12
Abstract: Identity is a fundamental concept for the financial industry. In order to comply with regulation, financial institutions must verify the identity of their customers. Identities are currently handled in a centralized way, which diminishes users' control over their personal information and threats their privacy. Blockchain systems, especially those with support for smart contracts (e.g., Ethereum), are expected to serve as a basis of more decentralized systems for digital identity management. We propose a design of a privacy-preserving KYC scheme on top of Ethereum. It would let providers of financial services leverage the potential of blockchain technology to increase effciency of customer onboarding while complying with regulation and protecting users' privacy.
metadata.dc.identifier.doi: 10.18420/blockchain2018_09
ISSN: 2510-2591
metadata.mci.conference.location: Amsterdam, Netherlands 8 - 9 May 2018
Appears in Collections:ERCIM-Blockchain 2018: Blockchain Engineering: Challenges and Opportunities for Computer Science Research

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