Privacy-preserving KYC on Ethereum

dc.contributor.authorBiryukov, Alex
dc.contributor.authorKhovratovich, Dmitry
dc.contributor.authorTikhomirov, Sergei
dc.date.accessioned2018-06-07T13:51:54Z
dc.date.available2018-06-07T13:51:54Z
dc.date.issued2018
dc.description.abstractIdentity 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.en
dc.identifier.doi10.18420/blockchain2018_09
dc.identifier.pissn2510-2591
dc.language.isoen
dc.publisherEuropean Society for Socially Embedded Technologies (EUSSET)
dc.relation.ispartofProceedings of 1st ERCIM Blockchain Workshop 2018
dc.relation.ispartofseriesReports of the European Society for Socially Embedded Technologies: vol. 2, no. 12
dc.subjectblockchain
dc.subjectsmart contracts
dc.subjectEthereum
dc.subjectknow your customer
dc.subjectKYC
dc.titlePrivacy-preserving KYC on Ethereumen
dc.typeText/Conference Paper
gi.conference.date8 - 9 May 2018
gi.conference.locationAmsterdam, Netherlands
mci.conference.reviewfull

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