e-KYC Based on Blockchain Technology

Abstract

As cloud computing becomes increasingly prevalent, the security and privacy of e-KYC (Electronic Know Your Customer) documents stored in the cloud have become critical concerns. Traditional e-KYC systems rely on centralized databases and cloud storage, posing risks of cyber-attacks and data breaches. This project proposes a blockchain-based e-KYC system for digital identity verification, offering a secure, efficient, and reliable solution. Our system ensures data integrity through a distributed ledger, with encryption adding an extra layer of protection against unauthorized access and cyber threats. Incorporating a fingerprint mechanism and batch verification enhances security and efficiency. The decentralized nature of blockchain reduces reliance on central authorities, streamlining the verification process and minimizing operational costs. Leveraging blockchain's core attributes-decentralization, immutability, and transparency-this e-KYC framework provides a robust solution tailored for banking, telecommunications, and government services, ensuring a secure, efficient, and reliable identity verification process.